document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1197675>Question 1197675</A>: <I><SPAN STYLE=\"word-break: break-all;\"> The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where the amount requested for home loans followed the normal distribution with a mean of $80 000 and a standard deviation of $24 000. (Round z-score computation to 2 decimal places and the final answers to the nearest whole dollars.)\r<BR>\n" );
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document.write( "a. What is the minimum amount requested on the largest 2% of loans?\r<BR>\n" );
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document.write( "b. What is the maximum amount requested on the smallest 10% of loans?\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 #831068 by </B><A HREF=/tutors/aboutme.mpl?userid=ewatrrr><B>ewatrrr(24785)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=ewatrrr><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=ewatrrr><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=831068\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> Normal Distribution: µ = 80,000 and σ =24,000  <BR>\n" );
document.write( "<IMG STYLE=\"max-width:80%;\" SRC=/cgi-bin/plot-formula.mpl?expression=drawing%28400%2C200%2C-5%2C5%2C-.5%2C1.5%2C+graph%28400%2C200%2C-5%2C5%2C-.5%2C1.5%2C+exp%28-x%5E2%2F2%29%29%2C+green%28line%281%2C0%2C1%2Cexp%28-1%5E2%2F2%29%29%2Cline%28-1%2C0%2C-1%2Cexp%28-1%5E2%2F2%29%29%29%2Cgreen%28line%282%2C0%2C2%2Cexp%28-2%5E2%2F2%29%29%2Cline%28-2%2C0%2C-2%2Cexp%28-2%5E2%2F2%29%29%29%2Cgreen%28line%283%2C0%2C3%2Cexp%28-3%5E2%2F2%29%29%2Cline%28-3%2C0%2C-3%2Cexp%28-3%5E2%2F2%29%29%29%2Cgreen%28line%28+0%2C0%2C+0%2Cexp%280%5E2%2F2%29%29%29%2Clocate%284.8%2C-.01%2Cz%29%2Clocate%284.8%2C.2%2Cz%29%29 ALIGN=MIDDLE   DISABLED_style= \"max-width:90%; height:auto;\" >\r<BR>\n" );
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document.write( "A Percentage is the area under the Standard Normal Curve <BR>\n" );
document.write( "to the <font color = red><font size = 3><b>left of the z-score.</font></font></b><BR>\n" );
document.write( "  For example z = 2.0537  (when 2% is to the right & 98% is to the left)<BR>\n" );
document.write( " Calculator function: Invnorm(.98) = z = 2.0537 rounded<BR>\n" );
document.write( "  amount = 2.0537*(24000) + 80,000 =  $129,289 (nearest dollar)\r<BR>\n" );
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document.write( "Using TI or similarly an inexpensive calculator like an Casio fx-115 ES plus<BR>\n" );
document.write( "is the key to Your Success working with the various Distributions. </SPAN>\n" );
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