Historical records on a certain product indicate the following behavior for demand. The data represent the 288 days that the business was open during 2000. Convert these data into random number intervals
(Round each probability used to 2 decimal places, e.g., 0.36.)
Demand in cases Number of occurrences
7 52
8 9
9 14
10 39
11 72
12 102
Demand in cases Number of occurrences Probability Cumulative probability Random number intervals
7 52 .18 .18 01-18
8 9 .03 .21 19-21
9 14 .05 .26 22-26
10 39 .14 .40 27-40
11 72 .25 .65 41-65
12 102 .35 1.00 66-00
Business
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Fill in the blank(s) with the appropriate word(s).
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Suppose that the loans in the collateral pool for a nonagency RMBS deal have a floating rate. What is the risk associated with issued fixed-rate bond classes?
What will be an ideal response?
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