Question
The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, with a mean of $69,000 and a
The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, with a mean of $69,000 and a standard deviation of $24,000. A loan application is received this morning. What is the probability that: (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
a. The amount requested is $77,000 or more?
Probability
b. The amount requested is between $61,000 and $77,000?
Probability
c. The amount requested is $61,000 or more?
Probability
requested is $61,000 or more? Probability
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