Question

2. Mr.Gupta applies for a personal loan of Rs.1,50,000 from a nationalized bank to repair his house. The loan officer informed him that over the years, bank has received about 2920 loan applications per year and that the probability of approval was on average above 0.85. a) Mr.Gupta wants to know the average and SD of number of loans approved per year
b) Suppose bank actually received 2654 loan applications per year with an approval probability of 0.82, what are the mean and SD

Answer 1

Answer:

I think it's a because it goes with the statement. Mr gupta wants to know the average and SD of number of loans approved per year

Step-by-step explanation:

hope this helpss

Answer 2

Step-by-step explanation:

This is the problem of binomial distribution in which,

$mean = np$

$standard \: deviation = \sqrt{npq}$