document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=479672>Question 479672</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A loan officer at a bank 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 less than 300 </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #328621 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=328621\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> A loan officer at a bank 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 less than 300<BR>\n" );
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document.write( "Find the z-value of 300:<BR>\n" );
document.write( "z(300) = (300-240)/50 = -6/5<BR>\n" );
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document.write( "P(x< 300) = P(z< -6/5) = normalcdf(-100,-6/5) = 0.1151<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
document.write( "==================== </SPAN>\n" );
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