Subject Code : TSTA602
Assignment Task:

Scenario.

Bank X provides home loan service to their retail customers and charge a interest rate for their service. Due to market fluctuations, Bank X only offers floating interest rate (FIR) for their home loan customers. A friend of you who works as a banker at Bank X told you that the average yearly FIR in the last thirty years follows a Normal distribution with mean 3.2% (i.e., μ = 0.032) and standard deviation 0.04 (i.e., σ = 0.04). (TSTA602)

Your friend seek help from you to use your knowledge from TSTA602 to assist Bank X to do the following data analysis. Please write a report to answer all the following questions. 

(a).calculate (mannually) the sample mean, and sample standard deviation for the sample in Table 1. 

(b). if we draw samples of sizes 10 many times and form a distribution of the sample mean, state the distribution of the sample mean and provide the reason for your conclusion; calculate the mean of the sample means and its standard deviation. 

(c).based on (b), find the probability that the sample mean is smaller than 0.02. Please keep two decimal places in the calculation of standardization. 

(d).if the sample mean from (a) is your observed value, calculate the 95% confidence interval for the sample mean. 

(e). An outlier is a data point outside the interval [Q1 - 1.5IQR,Q3 + 1.5IQR], where Q1 and Q3 are first and third quartile respectively, and IQR

 

This TSTA602: Accounting and Finance Assignment has been solved by our Accounting and Finance Experts at UniLearnO. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

Be it a used or new solution, the quality of the work submitted by our assignment experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.

Eureka! You've stumped our genius minds (for now)! This exciting new question has our experts buzzing with curiosity. We can't wait to craft a fresh solution just for you!

  • Uploaded By : Alex Cerry
  • Posted on : May 15th, 2019

Whatsapp Tap to ChatGet instant assistance