document.write( "Question 1190329: 1. For borrowers with good credit scores, the mean debt for revolving and installment accounts is Rs.15,015. Assume the standard deviation isRs.3540 and that debt amounts are normally distributed.
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document.write( "a. What is the probability that the debt for a borrower with good credit is more than Rs.18,000?
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document.write( "b. What is the probability that the debt for a borrower with good credit is less than Rs.10,000?
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document.write( "c. What is the probability that the debt for a borrower with good credit is between Rs.12,000and Rs.18,000?
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document.write( "d. What is the probability that the debt for a borrower with good credit is no more thanRs.14,000? \n" );
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Algebra.Com's Answer #822196 by Theo(13342) You can put this solution on YOUR website! using the statistical calculator at https://davidmlane.com/hyperstat/z_table.html, i get the following:\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "a. What is the probability that the debt for a borrower with good credit is more than Rs.18,000? \n" ); document.write( ".1996 \n" ); document.write( "b. What is the probability that the debt for a borrower with good credit is less than Rs.10,000? \n" ); document.write( ".0783 \n" ); document.write( "c. What is the probability that the debt for a borrower with good credit is between Rs.12,000and Rs.18,000? \n" ); document.write( ".6033 \n" ); document.write( "d. What is the probability that the debt for a borrower with good credit is no more thanRs.14,000? \n" ); document.write( ".3872\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "here are the results from using that calculator in the same order as the questions. \n" ); document.write( "you enter the mean of 15015. \n" ); document.write( "you enter the standard deviatiomn of 3540. \n" ); document.write( "you select the right options. \n" ); document.write( "the calculator does the rest.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \r\n" ); document.write( " \n" ); document.write( "\n" ); document.write( "let me know if you have any questions.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "theo \n" ); document.write( " |