Question
The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where the amount requested for home loans
The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where the amount requested for home loans followed the normal distribution with a mean of $63 000 and a standard deviation of $19 000.
a. What is the minimum amount requested on the largest 2% of loans?
$
b. What is the maximum amount requested on the smallest 16% of loans?
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A Survey of Mathematics with Applications
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde
10th edition
134112105, 134112342, 9780134112343, 9780134112268, 134112261, 978-0134112107
