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What's the probability that bad credit customer does not receive a loan (sensitivity ot power of a test), 1-ß= 0.957 0.857 0.757 0.657

What's the probability that bad credit customer does not receive a loan (sensitivity ot power of a test), 1-ß= 0.957 0.857 0.757 0.657

MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A bank collected data of all its customers. Customers who repaid their consumer loans (Good Credit) had an average deposit of X = $500 with a Good Credit 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 OBad 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. Bad Good Credit Credit 100 200 300 400 500 600 700
Transcribed Image Text:A bank collected data of all its customers. Customers who repaid their consumer loans (Good Credit) had an average deposit of X = $500 with a Good Credit 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 OBad 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. Bad Good Credit Credit 100 200 300 400 500 600 700
What's the probability that bad credit customer does not receive a loan (sensitivity ot power of a test), 1-ß= 0.957 0.857 0.757 0.657
Transcribed Image Text:What's the probability that bad credit customer does not receive a loan (sensitivity ot power of a test), 1-ß= 0.957 0.857 0.757 0.657
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