Question 575154: 4. The amounts of money requested small business loan applications at GetBuckets Fantake Commercial Savings Bank follows the normal distribution, with a mean of $70,000 and a standard deviation of $20,000. What is the probability that the amount requested is $80,000 or more?
a. .3500
b. .3085
c. .2902
d. .5987
5. Using Problem #4, what is the probability the amount requested is between $65,000 and $80,000?
a. .4500
b. .2902
c. .5987
d. None of the above
Answer by stanbon(75887)   (Show Source):
You can put this solution on YOUR website! 4. The amounts of money requested small business loan applications at GetBuckets Fantake Commercial Savings Bank follows the normal distribution, with a mean of $70,000 and a standard deviation of $20,000. What is the probability that the amount requested is $80,000 or more?
a. .3500
b. .3085
c. .2902
d. .5987
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normalcdf(80000,10^10,70000,20000) = 0.3085
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5. Using Problem #4, what is the probability the amount requested is between $65,000 and $80,000?
a. .4500
b. .2902
c. .5987
d. None of the above
normalcdf(65000,80000,70000,20000) = 0.2902
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Cheers,
Stan H.
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