Explore BrainMass

Explore BrainMass

    Probabilities for Loan Authorization

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    7% of the loans authorized by the branch manager of a local bank each month will never be repaid. You will be asked to identify the probability of success (p), the mean, and the standard deviation of the loans that will not be repaid assuming 35 were authorized during the month.

    © BrainMass Inc. brainmass.com June 4, 2020, 12:44 am ad1c9bdddf
    https://brainmass.com/statistics/probability/probabilities-loan-authorization-356241

    Solution Preview

    7% of the loans authorized by the branch manager of a local bank each month will never be repaid. You will be asked to identify the probability of success (p), the mean, and the standard deviation of the loans that will not be ...

    Solution Summary

    The probability for loan authorization are examined.

    $2.19

    ADVERTISEMENT