ALEKS → X a EXAM 3 OBJS 5, 6, 7 Question 4 of 15 (1 point) | Question Attempt: 1 of 1 Time Remaining: 1:08:06 Christina ✔ 3 4 5 = 6 7 8 9 10 11 12 13 = 14 Español 15 The Credit Risk Department of a major bank estimates the default rate on loans under $10,000 to be 4%. A random sample of 2400 new loans that are under $10,000 is going to be selected. Let p be the proportion of defaults on the loans in the sample. Answer the following. (If necessary, consult a list of formulas.) of p. (a) Find the mean of p. (b) Find the standard deviation of p. (c) Compute an approximation for P (p ≥0.03), which is the probability that 3% or more of the loans in the sample will be defaulted on. Round your answer to four decimal places. ☐ Continue 5 著 3 $ 4 96 hp & 5 6 7 8 R T C 144 ? X Submit Assignment 廷 ingert a

ALEKS → X a EXAM 3 OBJS 5, 6, 7 Question 4 of 15 (1 point) | Question Attempt: 1 of 1 Time Remaining: 1:08:06 Christina ✔ 3 4 5 = 6 7 8 9 10 11 12 13 = 14 Español 15 The Credit Risk Department of a major bank estimates the default rate on loans under $10,000 to be 4%. A random sample of 2400 new loans that are under $10,000 is going to be selected. Let p be the proportion of defaults on the loans in the sample. Answer the following. (If necessary, consult a list of formulas.) of p. (a) Find the mean of p. (b) Find the standard deviation of p. (c) Compute an approximation for P (p ≥0.03), which is the probability that 3% or more of the loans in the sample will be defaulted on. Round your answer to four decimal places. ☐ Continue 5 著 3 $ 4 96 hp & 5 6 7 8 R T C 144 ? X Submit Assignment 廷 ingert a

Algebra: Structure And Method, Book 1

(REV)00th Edition

ISBN:9780395977224

Author:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Publisher:Richard G. Brown, Mary P. Dolciani, Robert H. Sorgenfrey, William L. Cole

Chapter2: Working With Real Numbers

Section2.3: Rules For Addition

Problem 8P

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