Bricklays Bank of Kenya has established the number of loans approved per week at Duruma Road Branch follows the probability distribution shown below. Loans Approved Per Week Probability 2 0.10 3 0.10...


Bricklays Bank of Kenya has established the number of loans approved per week at Duruma Road Branch follows the probability distribution shown below.













































Loans Approved Per Week



Probability



2



0.10



3



0.10



4



0.20



5



0.30



6



0.15



7



0.10



8



0.05




Total




1.00





Required:



  • Compute the expected value of the probability distribution and interpret the results                                                                              Compute the standard deviation of the probability distribution and interpret the results



Jun 01, 2022
SOLUTION.PDF

Get Answer To This Question

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here