The branch manager for the D. L. Evens Bank has been asked to prepare a presentation for

Question:

The branch manager for the D. L. Evens Bank has been asked to prepare a presentation for next week's board meeting. At the presentation, she will discuss the status of her branch€™s loans issued for recreation vehicles (RVs). In particular, she will analyze the loan balances for a sample of 10 RV loans. The following data were collected:

a. Compute the mean loan balance.
b. Compute the loan balance standard deviation.
c. Write a one-paragraph statement that uses the statistics computed in parts a and b to describe the RV loan data at the branch.