Amounts of money requested in home loan, Basic Statistics

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Amounts of money requested in home loan

The amounts of money requested in home loan applications at Dawn River Federal Savings are approximately 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:

Twenty percent of the loans are larger than what amount?

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Basic Statistics: Amounts of money requested in home loan

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Basic Statistics: Amounts of money requested in home loan

Reference No:- TGS0865570

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Recent Questions Asked Basic Statistics

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: Amounts of money requested in home loan

Reference No:- TGS0865570

Recent Questions Asked Basic Statistics

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Q : Create profit-and-lost statement if net sales were given

Q : Internal auditing staff of local manufacturing company

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Q : Percent confidence interval around mean

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