Money requested on home loan applications


The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, with a mean of $70,000 and a standard deviation of $20,000. A loan application is received this morning. What is the probability:

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 less than $65,000?

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Basic Statistics: Money requested on home loan applications
Reference No:- TGS0114950

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