An MBA director has decided to improve the profile of her program by admitting only the finest students based on their GMAT scores. After an exhaustive search on the internet, she learns that GMAT scores average 550 with a standard deviation of 100 (You can safely assume the scores are normally distributed).

14)

15) 16)

(4 points) If she wants to consider only applicants scoring in the top 1%, the cutoff score should be:_______________. (Round final answer to nearest integer)

(4 points) If she uses 700 as her minimum score, the probability that the next applicant will meet this requirement is: __________________. (Round your answer to four decimal places.)

(4 points) The probability that the next applicant will have the GMAT score in the range of 550 to 600 is: _________________. (Round your answer to four decimal places).