Logo
Home Study Material Contact Search
AI Chat FREE
  1. mathematics
  2. basic math
  3. consumer banker association released a report show

Consumer Banker Association released a report showing the lengths of automobile leases for new automobiles...

80.2K

Verified Solution

Question

Basic Math

image

Consumer Banker Association released a report showing the lengths of automobile leases for new automobiles The results are as follows Lease Length in Months Percent of Leases of Leases of Leases 35 30 25 20 15 10 5 0 35 30 25 20 15 10 13 24 12000550 25 36 5 0 37 48 a Use the midpoint of each class and call the midpoint of the last class 66 5 months for purposes of estimating the expected lease term in months Also estimate the standard deviation in months of the distribution Round your answers to two decimal places expected lease term standard deviation 49 60 More than 60 b Sketch a graph of the probability distribution for the duration of new auto leases 35 30 25 20 13 3 36 7 18 5 30 1 19 6 0 3 x months x months 30 5 42 5 54 5 66 5 Lease Length in Months 18 5 30 5 42 5 54 5 66 5 Lease Length in Months of Leases of Leases 10 5 0 35 30 linnakes 15 10 5 0 18 5 18 5 30 5 42 5 54 5 66 5 Lease Length in Months 30 5 42 5 54 5 66 5 Lease Length in Months

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

3 OM F Function YES or NO Domain 2 Range y 100

Geometry
Q

A vegetable distributor knows that during the month of August, the weights of its tomatoes are...

Statistics
Q

Construct a table that illustrates the structure and function of the glycocalyx, ECM, 3 types of...

Medical Sciences
Q

Convert the angle in degrees to radians.75

Basic Math
Q

b sin 8 cos 8 tan 8 csc 8 8 15 y 0

Algebra
Q

During 2021, Ellen Evans, made cash contributions, as listed...

Accounting
Q

Multiple Choice Question 43 Net income is Income from operations add (less) Cost of goods...

Accounting
Q

Please READ the question CAREFULLY. Answer ALL OF THE QUESTIONS CORRECTLY. DOUBLE CHECK your answers...

Accounting
Q

Current Attempt in Progress Wildhorse Inc., reported the following information about two of its machines...

Accounting
Q

Imperial Jewelers manufactures and sells a gold bracelet for $410.00. The companys accounting system says...

Accounting
Q

Ivanhoe Co. purchased a machine on January 1, 2021, for $2,000,000 for the express purpose...

Accounting
Q

Question: In corporate governance, what is the primary function of an audit committee? ...

Accounting