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Probability based on the Normal distribution.

The amounts of money requested in home loan applications at ABC Federal Savings are about normally distributed with a mean of $70,000 and a standard deviation of $20,000. A loan application is received this morning. What is the probability that:

a. The amount requested is $80,000 or more?

b. The amount requested is between $65,000 and $80,000?

c. The amount requested is between $65,000 or more?

d. Twenty percent of the loans are larger than what amount?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M920142

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