Savings banks are permitted to sell a form of life insurance called savings bank life insurance (SBLI). Theapproval process consists of underwriting, which includes a review of the application, a medicalinformation bureau check, possible requests for additional medical information and medical exams, and apolicy compilation stage during which the policy pages are generated and sent to the bank for delivery. Theability to deliver approved policies to bank customers in a timely manner is critical to the profitability ofthis service to the bank. During a period of one month, a random sample of 27 approved policies wasselected, and the following total processing times in days, were recorded;731956311791286090171717281656642263314550184892516916How is the data distributed?Select the correct response:distribution is symmetricdistribution is skewed to the leftdistribution is skeweddistribution is skewed to the right

Given data Histogram is shown below

Answered: Savings banks are permitted to sell a…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The following cost-of-quality data were collected at the installment loan department of the Kenney Bank. Classify these data into the appropriate cost-of-quality categories. Quality Cost Amount Cost Classification Loan Processing 1. Run credit checks: $2,737.54 2. Review documents: $3,173.50 3. Make document corrections; gather additional information: $1,126.00 4. Prepare tickler file; review and follow up on titles, $190.60 insurance, second meetings: 5. Review all output: $2,330.62 6. Correct rejects and incorrect output: $486.35 7. Reconcile incomplete collateral report: $70.82 8. Handle dealer problem calls; address associate problems; $2,530.00 research and communicate information: 9. Compensate for system downtime: $526.93 10. Conduct training: $1,010.00 Loan Payment 1. Receive, inspect, and process payments: $790.00 2. Respond to inquiries when no coupon is presented…
OECS Bank has both a loans division and mutual funds division. It has allocated $40.0M to finance its loan portfolio. Its operations manager is asked to build an LP model to help guide company decisions as to how to disburse the revolving fund across different loan categories. The operations manager garnered the following data on available types of loans based on market research of the industry: Types of loan Personal Car Interest rate Bad debt ratio 0.15 .10 0.20 0.04 Home Small and medium enterprises 0.25 Commercial 0.17 0.02 0.15 0.10 0.02 The Bank's net return is interest rate net of Bad debt. Revenue from interest is gained only from good loans. The mutual funds Division has allocated $5.0M and is currently looking for investment opportunities to invest these funds, The financial analyst suggested that all new investments be made in the oil industry, steel industry or in government bonds. The analyst identified five investment opportunities: two from the oil industry, two from the…
"College Station BandWith" is the sole internet provider in the College Station area. The company plans to switch to fiber optics to provide customers with a faster uploading and downloading service. The company plans to borrow $12,000,000 from the Teacher Credit Union of Texas for new equipment and repay the loan of $3,500,000 in years 1, 2, and 3 and a lumpsum amount of $4,000,000 at the end of year 4. What was the interest rate on the loan?
In a telephone survey of 1000 adults, respondents were asked about the expenses on a management education and relative necessity of some form of financial assistance. The respondents were classified according to whether they currently had a child studying in a school of management and whether they thought that the loan burden for most management students is too high, right amount, or too little. The proportions responding in each category are given below: Too High(A) Right Amount(B) Too Little(C) Child Studying 0.35 0.08 0.01management (D)No Child Studying 0.25 0.20 0.11Management (E) Suppose one respondent is chosen at random from this group. Then (i) What is the probability that the respondent has a child studying management?(ii) Given that the respondent has a child studying management, what is the probability that he/she ranks the loan burden “too…
Month: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 Security Company 1.1 1.1 1.3 1.3 1.1 1.1 1.7 1.7 1.2 1.2 1.6 1.6 1.2 1.2 1.2 1.2 1.5 1.5 Other Company 1.6 1.6 2.3 2.3 2.2 2.2 1.5 1.5 2.2 2.2 2.1 2.1 2.3 2.3 1.5 1.5 1.5 1.5 Do the limited data listed here show evidence of stealing by the securitycompany's employees – why or why not?
1. Project Eastcoast Sdn. Bhd. is planning to buy an insurance plan to minimise the risk of losses. The insurance options are as below: Plan North i. South ii. West Project Eastcost Sdn. Bhd. historical losses incurred as below: Insurance Policy An insurance policy that provides RM5,000 of straight deductible attached to it with an annual policy limit of RM22,000. An insurance policy that provides RM22,000 of aggregate deductible attached to it with a coinsurance of 5 percent. Month of claim January April May August November December An insurance policy that required 15 percent coinsurance attached to it with no policy limit. Probability of losses 0.76 0.92 0.37 0.55 0.83 0.44 As a risk management consultant, you are required to advise Project Eastcoast Sdn. Bhd. on the preferable insurance plan. Amount of Possible Loss (RM) 8,200 6,500 10,500 9,600 1,700 5,800 Determine the amount retained by Project Eastcoast Sdn. Bhd. and the amount paid by insurer for Plan North, Plan South and…
The product team of KAF Takaful Berhad is proposing to introduce a service-basedP2P micro takaful plan for a $10,000 death benefit (khairat). Each participant whosubscribes to this plan will pay an advance contribution of which 20% will be paidto KAF as an administration fee. The remaining amount will then be channelled tothe participant’s mutual account. If any death occurs the khairat benefit will be paidequally by existing participants through deductions from their mutual account. Howwould you appraise this proposal from a Shariah point of view?
Johnson Controls' annual requirement for a part is 260,000 units. Other given information includes: Order cost: $120 per order Inventory holding rate: 12% Part cost: $2,500 per unit. What are the (a) EOQ and (b) annual total inventory cost? Please show the detailed steps of your calculation to get credit. You can either enter your answer in the text box or upload an image of your answer (on a paper) by clicking Insert Tab-Document-Upload Document.
The chief loan officer of La Crosse Home Mortgage Company summarized the housing loans extended by the company in 2017 according to type and term of the loan. Her list shows that 70% of the loans were fixed-rate mortgages (F), 20% were adjustable-rate mortgages (A), and 10% belong to some other category (0) (mostly second trust-deed loans and home equity loans). Of the fixed-rate mortgages, 80% were 30-year loans and 20% were 15-year loans; of the adjustable-rate mortgages, 30% were 30-year loans and 70% were 15-year loans; finally, of the other loans extended, 30% were 20-year loans, 60% were 10-year loans, and 10% were for a term of 5 years or less. (a) Draw a tree diagram representing these data. 20 s 5 10 <=5 15 30 30 30 20 ca5 15 (b) What is the probability that a home loan extended by La Crosse has an adjustable rate and is for a term of 15 years? (c) What is the probability that a home loan extended by La Crosse is for a term of 15 years?
Preparing adjusting entries (annual)-prepaid expense LO4 Dr. Erica Chan, MD owns EC Health Clinic. She prepares annual financial statements and has a December 31, 2023 year-end. On October 1, 2023, Dr. Chan prepaid $3,600 for four months of rent. On November 1, 2023, Dr. Chan prepaid $300 to renew the clinic’s magazine subscriptions. The subscription is for one year. On December 1, 2023, Dr. Chan pays $2,925 for supplies. At the end of the year, $1,950 of supplies had not been used. Required:For the above transactions, record the initial journal entry and the adjusting entry required on December 31, 2023.a.

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

Probability and Statistics for Engineering and th…

Statistics

ISBN:

9781305251809

Author:

Jay L. Devore

Publisher:

Cengage Learning

Statistics for The Behavioral Sciences (MindTap C…

Statistics

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

The Basic Practice of Statistics

Statistics

ISBN:

9781319042578

Author:

David S. Moore, William I. Notz, Michael A. Fligner

Publisher:

W. H. Freeman

Introduction to the Practice of Statistics

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS