At the website Lending Club, customers can either borrow money or fund money for others loans. When
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a. Given that the distribution is unimodal, determine whether it is skewed left, symmetric, or skewed right. What does this mean in this situation?
b. Estimate the 75th percentile. What does it mean in this situation?
c. Estimate the percentile of a 10.2% interest rate. What does it mean in this situation?
d. There are 186 outliers. Estimate the largest one.
e. C loans and D loans have interest rates between 12.29% and 17.86%. Is the percentage of C loans together with D loans probably less than, equal to, or greater than 25%?
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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