Question
The credit scores of 35-year-olds applying for a mortgage at Ulysses Mortgage Associates are normally distributed with a mean of 610 and a standard deviation
The credit scores of 35-year-olds applying for a mortgage at Ulysses Mortgage Associates are normally distributed with a mean of 610 and a standard deviation of 90. (a) Find the credit score that defines the upper 10 percent. (Use Excel or Appendix C to calculate the z-value. Round your final answer to 2 decimal places.) Credit score (b) Sixty-five percent of the customers will have a credit score higher than what value? (Use Excel or Appendix C for calculation of z-value. Round your final answer to 2 decimal places.) Credit score (c) Within what range would the middle 70 percent of credit scores lie? (Use Excel or Appendix C for calculation of z-value. Round your final answer to 2 decimal places.) Range to
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started