document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1118243>Question 1118243</A>: <I><SPAN STYLE=\"word-break: break-all;\">  the amount requested for home loans followed the normal distribution with a mean of $70 000 and a standard deviation of $20 000.\r<BR>\n" );
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document.write( "What is the minimum amount requested on the largest 3% of loans? <BR>\n" );
document.write( "(66,000 + ?how?do?I?find?this? (20,000))<BR>\n" );
document.write( "What is the maximum amount requested on the smallest 10% of loans?<BR>\n" );
document.write( "(66,000 - ?How?do?I?find?this? (20,000))\r<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #733528 by </B><A HREF=/tutors/aboutme.mpl?userid=rothauserc><B>rothauserc(4718)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=rothauserc><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/cgi-bin/show-face.mpl?user=rothauserc><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=733528\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> What is the minimum amount requested on the largest 3% of loans?<BR>\n" );
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document.write( "1 - 0.03 = 0.97<BR>\n" );
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document.write( "we look in the table of z-values for the probability 0.97<BR>\n" );
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document.write( "the associated z-value for 0.97 is 1.88, we know that<BR>\n" );
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document.write( "(X - 70000)/20000 = 1.88<BR>\n" );
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document.write( "X - 70000 = 37600<BR>\n" );
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document.write( "X = 107,600<BR>\n" );
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document.write( "the minimum requested for the largest 3% loans is $107,600<BR>\n" );
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document.write( "What is the maximum amount requested on the smallest 10% of loans?<BR>\n" );
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document.write( "we look in the table of z-values for the probability 0.10<BR>\n" );
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document.write( "the associated z-value for the largest of the smallest of the 10% loans is -1.29<BR>\n" );
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document.write( "(X - 70000)/20000 = -1.29<BR>\n" );
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document.write( "X - 70000 = -25800<BR>\n" );
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document.write( "X = 44200<BR>\n" );
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document.write( "the maximum requested for the smallest 10% loans is $44,200<BR>\n" );
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