Question

Please answer all the parts, thank you.

Based on past experience, a bank believes that 12% of the people who receive loans will not make payments on time. The bank has recently approved 100 loans. Answer the following questions. a) What are the mean and standard deviation of the proportion of clients in this group who may not make timely payments? - SD (P) = (Round to three decimal places as needed.) b) What assumptions underlie your model? Are the conditions met? O A. With reasonable assumptions about the sample, all the conditions are met. O B. The 10% and success/failure conditions are not met. OC. The randomization condition is not met. OD. The randomization and success/failure conditions are not met O E. The success/failure condition is not met. OF. The randomization and 10% conditions are not met. O G. The 10% condition is not met. OH. Without unreasonable assumptions, none of the conditions are met. Click to select your answer(s).

Answer 1

@ pi proportion of 1 de not make Pe 12% = 0.12 people who receive loons payments. n = 100 Csscanned with CamScanner

10 Sampling Amolina distribution up of ß is, i i o N up = presets, on = ofiel ... up = p=0.12 op a pon-p2(0.12 )(1-01) n = 0.00 1056 . = 0.12 SD C2 = .001056 = 0.0325 (6) Heree mp = 100(0.12) = 12710 Joan receivers are selected randomly (A) - With reasonable assumptions ? about the sample all the conditions are met. (e.) p ( e > 0.18) Lol i-l ê a 0.18 - Q.12 ) 0:0325 =plz > 1 1846 154 where. Z oN(0,1) = 0.032 I with CamScanner