This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A large bank in a metropolitan area has a large number of secured loans on apartment facilities ... (Read 321 times)

pepyto

  • Hero Member
  • *****
  • Posts: 547
on: Jun 24, 2018
A large bank in a metropolitan area has a large number of secured loans on apartment facilities throughout the area. Local economic indicators suggest the percentage of vacant apartments ranges from 7 to 10. Concerned about the borrowers' ability to meet loan obligations on time the bank decides to sample from the apartments used to secure loans. The officer responsible for the sample decides to allow a maximum error of the estimate of 0.01 with 99 percent confidence. The officer wishes to take a sample large enough to cover all proportions within the estimated vacancy range. Compute the sample size needed for this study.

Question 2

A cost accountant wished to establish the average amount,  , spent by executives per day on travel and lodging. Then a comparison, between the average and the amount turned in to be reimbursed, will be made and unreasonably high or low expense amounts audited. A random sample of 50 executive expense receipts is taken. The average in the sample was 208 . From a similar survey the standard deviation of the amounts is approximately  = 29 . The accountant prepares a 90-percent confidence level for . What is its maximum error?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #1 on: Jun 24, 2018
Answer to Question 1

5973

Answer to Question 2

6.75


pepyto

  • Hero Member
  • *****
  • Posts: 547
Reply #2 on: Jun 24, 2018
Thank you


Qarqy

  • Sr. Member
  • ****
  • Posts: 313
Reply #3 on: Jun 24, 2018
No problemo


« previous next »
 

Did you know?

Acetaminophen (Tylenol) in overdose can seriously damage the liver. It should never be taken by people who use alcohol heavily; it can result in severe liver damage and even a condition requiring a liver transplant.

Did you know?

Certain rare plants containing cyanide include apricot pits and a type of potato called cassava. Fortunately, only chronic or massive ingestion of any of these plants can lead to serious poisoning.

Did you know?

Many supplement containers do not even contain what their labels say. There are many documented reports of products containing much less, or more, that what is listed on their labels. They may also contain undisclosed prescription drugs and even contaminants.

Did you know?

Thyroid conditions cause a higher risk of fibromyalgia and chronic fatigue syndrome.

Did you know?

The toxic levels for lithium carbonate are close to the therapeutic levels. Signs of toxicity include fine hand tremor, polyuria, mild thirst, nausea, general discomfort, diarrhea, vomiting, drowsiness, muscular weakness, lack of coordination, ataxia, giddiness, tinnitus, and blurred vision.

Examples of structures in which extensive surface area is important for function. Examples of structures in which extensive surface area is important for function.
A solenoid has an area of 41.0 cm2. Find the change in magnetic flux through the solenoid. A solenoid has an area of 41.0 cm2. Find the change in magnetic flux through the solenoid.
A thimble of water contains 4.0 x 1021 molecules. The number of moles of H2O is: A thimble of water contains 4.0 x 1021 molecules. The number of moles of H2O is:
An 8th grade class develops a linear model that predicts the number of cheerios (a small round ... An 8th grade class develops a linear model that predicts the number of cheerios (a small round ...
physics question number 5 - moving conductors physics question number 5 - moving conductors
The Scale of the Very Small and Very Large: Powers of 10 The Scale of the Very Small and Very Large: Powers of 10
Video: Lower Limb Arteries Animation

For a complete list of videos, visit our video library