Mathematics, 06.05.2020 05:29, king6757
In early 2007 the Mortgage Lenders Association reported that homeowners, hit hard by rising interest rates on adjustable-rate mortgages, were defaulting in record numbers. The foreclosure rate of 1.6% meant that millions of families were losing their homes. Suppose a large bank holds 1731 adjustable-rate mortgages.
a) Can you apply the Central Limit Theorem to describe the sampling distribution model for the sample proportion of foreclosures? Check the conditions and discuss any assumptions you need to make.
b) Sketch and clearly label the sampling model, based on the 68–95–99.7 Rule.
c) How many of these homeowners might the bank expect will default on their mortgages? Explain.
Answers: 2
Mathematics, 21.06.2019 12:50, dbn4everloved
What is the equation of the linear function represented by the table?
Answers: 1
Mathematics, 21.06.2019 19:00, 4presidents
The distributive property allows you to say that 3(x − 1) = 3x −
Answers: 1
Mathematics, 21.06.2019 23:30, Lkirjnnfcxd5039
The legs of a right triangle measure 6 meters and 8 meters. what is the length of the hypotonuse.
Answers: 1
Mathematics, 21.06.2019 23:40, aureliafung2p7cxoo
Mikes car gets an average of 28 mpg. there are 12 gallons of fuel in mikes car when he starts his trip of 140 miles. about how many gallons are left at the end of his trip?
Answers: 1
In early 2007 the Mortgage Lenders Association reported that homeowners, hit hard by rising interest...
Mathematics, 20.02.2020 08:03
Mathematics, 20.02.2020 08:03
Mathematics, 20.02.2020 08:03