What is the answer of this question?
2 answers:
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Answer:
The probability is approximately 0.2222
Step-by-step explanation:
The correct question is as follows;
Suppose the time to process a loan application follows a uniform distribution over the range 7 to 15 days. What is the probability that a randomly selected loan application takes longer than 14 days to process
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Answer:
Here both probabilities are not equal.
Therefore the die is not fair and biased.
Step-by-step explanation:
Now n= 1200 times and x = 419 times.
a) Empirical Probability:
Probability = 0.349
b) Theoretical Probability:
Here both probabilities are not equal.
Therefore the die is not fair and biased.