SOLUTION: Find the probabilities.
The loan officer rates applicants for credit. Ratings are normally distributed. The mean is 240 and the standard deviation is 50. Find the probability th
Algebra.Com
Question 306311: Find the probabilities.
The loan officer rates applicants for credit. Ratings are normally distributed. The mean is 240 and the standard deviation is 50. Find the probability that an applicant will have a rating greater than 300.
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Find the z score.
P(Score>300)=1-0.88493=0.11507
RELATED QUESTIONS
A loan officer at a bank rates applicants for credit. Ratings are normally distributed.... (answered by stanbon)
Please help..I am not understanding this..I am taking an online course and I am lost with (answered by stanbon)
b. The loan officer rates applicants for credit. Ratings are normally distributed. The... (answered by stanbon)
The loan officer rates applicants for credit. Ratings are normally distributed. The mean... (answered by stanbon)
I am having trouble in my statistics class with my homework, would someone please help me (answered by stanbon)
A bank's loan officer rates applicants for credit approval. The ratings are normally... (answered by stanbon)
A bank's loan officer rates applicants for credit. The ratings are normally distributed... (answered by Boreal)
A bank's loan officer rates applicants for credit approval. The ratings are normally... (answered by stanbon)
The bank officer rates applicants for credit. Ratings are normally distributed. The mean... (answered by stanbon)