The next four questions refer to the following scenario: A bank collected data of all its customers. Customers who repaid their consumer loans (Good Credit) had an average deposit of x standard deviation of OGood Credit =$75. Customers who defaulted on their consumer loans (Bad Credit) had an average weekly deposit of x Bad Credit= $300 with a standard deviation of also O Bad Credit=$75. As a result of the data collection, the bank decides to give loans to customers only who do not have weekly deposits of at least $380. $500 with a %3D Good Credit

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Chapter1: Starting With Matlab
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What's the probability that a good credit customer will now not receive a loan
(Type I error)? a=
2.22%
O 3.33%
O4.44%
5.55%
Transcribed Image Text:What's the probability that a good credit customer will now not receive a loan (Type I error)? a= 2.22% O 3.33% O4.44% 5.55%
The next four questions refer to the following scenario:
A bank collected data of all its customers. Customers who repaid their consumer
loans (Good Credit) had an average deposit of x Good Credit= $500 with a
standard deviation of oGood Credit =$75. Customers who defaulted on their
consumer loans (Bad Credit) had an average weekly deposit of x Bad Credit= $300
with a standard deviation of also O Bad Credit =$75. As a result of the data
collection, the bank decides to give loans to customers only who do not have weekly
deposits of at least $380.
Transcribed Image Text:The next four questions refer to the following scenario: A bank collected data of all its customers. Customers who repaid their consumer loans (Good Credit) had an average deposit of x Good Credit= $500 with a standard deviation of oGood Credit =$75. Customers who defaulted on their consumer loans (Bad Credit) had an average weekly deposit of x Bad Credit= $300 with a standard deviation of also O Bad Credit =$75. As a result of the data collection, the bank decides to give loans to customers only who do not have weekly deposits of at least $380.
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