A credit rating company recommends granting of credit cards, Dissertation

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A credit rating company recommends granting of credit cards

Question: A credit rating company recommends granting of credit cards based on several criteria. One is annual income. If the annual income of applicants is normally distributed with mean $22,000 and standard deviation $4,800 and the company recommends no applicant unless his or her income exceeds $15,000, what fraction of the applicants are denied on this basis?

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Dissertation: A credit rating company recommends granting of credit cards

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