Particular bank follow the normal distribution


The amounts of money requested on home loan applications at a particular bank follow the normal distribution, with a mean of $80,000 and a standard deviation of $24,000. A loan application is received during the day. By hand:

a. Find the probability that the amount requested amount is $90,000 or more?

b. Find the probability that the amount requested is between $75,000 and $90,000?

c. How much is requested on the largest three percent of loans?

d. How much is requested on the smallest ten percent of the loans?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: Particular bank follow the normal distribution
Reference No:- TGS0123083

Expected delivery within 24 Hours