When Customers Come to a Bank,there Are Three Primary Locations

question 53

True/False

When customers come to a bank,there are three primary locations they may select to go to: teller,loan officer,or escrow department.Based on past experience,the following probability distribution applies: Seventy percent of customers are males.The probability that the next two customers to enter the bank are males and go to the Loan Officer is 0.42.

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Definitions:

Confidence Interval

A compilation of data points, sourced from sample analysis, believed to potentially cover the value of an undetermined population parameter.

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Unemployment Rate

The percentage of the labor force that is jobless and actively seeking employment.