Question
In a small town with a population of over 275,000, a study revealed that the amounts requested in residential loan applications submitted to a financial
In a small town with a population of over 275,000, a study revealed that the amounts requested in residential loan applications submitted to a financial institution follow a normal distribution with an expectation of $150,000 and a standard deviation of $25,000. One morning, someone submits an application for a home loan. 1) What is the probability that the amount requested is $180,000 or more? (2 points) ANSWER 2) What is the probability that the amount requested is between $110,000 and $195,000? (1 point) 3) What is the probability that the amount solicited is between $160,000 and $185,000? (1 point) ANSWER 4) What is the probability that the amount solicited is between $110,000 and $140,000? (1 point) ANSWER 5) What is the probability that the amount requested is less than $140,000? (1 point)
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