Suppose that the amount of money requested on a loan has a
Chapter 2, Problem 2.6.23(choose chapter or problem)
Suppose that the amount of money requested on a loan has a standard deviation of $14,000. (a) If a loan ofcer receives two loan requests from two independent sources, what is the standard deviation of the total amount of money requested? (b) If a loan ofcer receives two loan requests from two independent sources, what is the standard deviation of the average amount of money requested?
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