Now before any real estate loan above $200,000 is made the bank has 5 appraisers evaluate. The three following requests for loans have come to the bank for the monthly board meeting. The appraisers' values are in the following table. (Elm Street = 400,200, 406,240,424,206,408,430,414,012 Main Street= 563,456, 565,613, 566,000, 571,988, 572,578 , and Fair Lane= 287,000, 302,752, 315,176, 309,599, 314,500 The bank has set the threshold as 0.03 or 3% for the coefficient of variation. Does Elm meet the criteria for the loan? loan?

Answer rating: 100% (QA)

Yes based on the coefficient of variation CV threshold set by the bank Elm Street meets the crite... View the full answer