Report Math - Project 1: Team 4 Apr il 2, 2008 ACADI A BANK...

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Unformatted text preview: Project 1: Team 4 Apr il 2, 2008 ACADI A BANK Loan Officers: Mar ybel Zabel, Marcella Aguilar, Javier Chapa Table of Contents I ntroduction -------------------1 Background I nfor mation ---1 Basic Probability --------------1 Database -----------------------1 Conditional Probability -----1 Expected Value ---------------1 Bayes Theorem --------------1 Expected Value of Z ---------1 Ranges --------------------------1 Conclusion ---------------------1 G&H Upholstery & Interiors Full Value of Loan: $8,000,000 Years of Exper ience: 9 Foreclosure Value of Loan: $3,997,000 Education Level: High School Default Value of Loan: $1,600,000 Economic Condition: Nor mal Full Value of Loan: $8,000,000 Foreclosure Value: $3,997,000 Default Value of Loan: $1,600,000 I nt roduction Background Information Basic Probability and Expected Value Database Conditional Probability and Expected Value Conditional probability will help in the next step of the evaluation process in determining whether to work out or foreclose on the loan. We will analyze Greg Hoovers years of experience, education level and the economic condition during the loan period. The goal of using conditional probability is to determine the probability of success or failure of the loan workout. conditional probability is to determine the probability of success or failure of the loan workout....
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Report Math - Project 1: Team 4 Apr il 2, 2008 ACADI A BANK...

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