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Author Question: The following table shows the frequency distribution of the credit scores for a random sample of ... (Read 184 times)

NguyenJ

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  • Posts: 516
on: Jun 24, 2018
The following table shows the frequency distribution of the credit scores for a random sample of homeowners who recently refinanced their mortgage at Delaware Bank.
 
  Credit Score Frequency
  700 to under 720 7
  720 to under 740 14
  740 to under 760 25
  760 to under 780 16
  780 to under 800 8
 
  Calculating the probability that a randomly homeowner has a credit score of 760 to under 780 is using ________ probability.
  A) classical
  B) simple
  C) empirical
  D) subjective

Question 2

When the discrete random variable is expressed in terms of dollars, the mean of the distribution is known as the ___________________ _________.
 
  A) expected value of sample information
  B) expected value of the distribution
  C) average value of the distribution
  D) expected monetary value
Business Statistics ¦ Donnelly ¦ 2nd Edition
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carolinefletcherr

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Reply #1 on: Jun 24, 2018
Answer to Question 1

C

Answer to Question 2

D


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