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On a peertopeer (P2P) lending website, borrowers complete an approval scoring form that lenders use to assess creditworthiness. Borrowers are rated A, B, C or
On a peertopeer (P2P) lending website, borrowers complete an approval scoring form that lenders use to assess creditworthiness. Borrowers are rated A, B, C or D, based on their scores, with A having the highest scores and D having the lowest. In a large sample of borrowers, 32% were rated A, 28% were rated B, 16% were rated C, and the rest were rated D. Suppose the scores are normally distributed with a mean of 329 and a standard deviation of 36. Round numeric answers to the nearest integer. a} What is the cutoff score between A and l3? l: l l3) What is the cutoff score between B and C? l l c) What is the cutoff score between C and D? l : _l cl) What score corresponds to the 7'0tl'l percenme? ' _l e) What score corresponds to the 20th percentne? ' l 1') What is the minimum score above which lies 4% of the scores?' g) Between what scores will the middle 66% of scores lie? Lower value : Higher value 2' l h} What rating will a score of 314 receive? i} What rating will a score of 350 receive
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