Find the standard deviation of the total assets held by the bank in the Excel file Credit
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Find the standard deviation of the total assets held by the bank in the Excel file Credit Risk Data.
a. Treating the records in the database as a population and compute 90%, 95%, and 99% confidence intervals for the total assets held in the bank by loan applicants using formula (6.2) and any appropriate Excel functions. Explain the differences as the level of confidence increases.
b. How do your confidence intervals differ if you assume that the population standard deviation is not known but estimated using your sample data?
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Credit Risk Data Individual answers will vary based on Problem 2 POPULATION STD DEV KNOWN POPULATION STD DEV UNKNOWN Record No Loan Purpose Checking Savings Total Assets 370 Used Car 000 39600 39600 S...View the full answer
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Related Book For 
Business Analytics Methods Models and Decisions
ISBN: 978-0321997821
2nd edition
Authors: James R. Evans
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