What would we expect the total dollar value of loans to be in a month where there are 42 loans, the ...

What would we expect the total dollar value of loans to be in a month where there are 42 loans, the interest rate is 7.5, and the bank spends 30,000 in advertising?

A) 6.442 million
B) 6.558 million
C) 6.288 million
D) 6.112 million

Q. 2

An interval estimate is an interval that provides an upper and lower bound for a specific population parameter whose value is unknown.

Indicate whether the statement is true or false

Q. 3

Flipping a coin is an example of a random variable.

Indicate whether the statement is true or false

Q. 4

The union of events A and B is given by all basic outcomes common to both A and B.

Indicate whether the statement is true or false

Q. 5

An estimator is unbiased if the mean of its sampling distribution is the population parameter being estimated.

Indicate whether the statement is true or false

Q. 6

A goodness-of-fit-test is to be performed to see if consumers prefer any of four package designs (A, B, C, and D) more than the other three. If a random sample of 60 consumers is selected, what is the expected frequency for category A?

A) 0.25
B) 30
C) 15
D) 10

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What would we expect the total dollar value of loans to be in a month where there are 42 loans, the ...

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