(Solution Library) The national average for a new car loan was 8.28%. If the rate is normally distributed with a standard deviation of 3.5%, find these
Question: The national average for a new car loan was 8.28%. If the rate is normally distributed with a standard deviation of 3.5%, find these probabilities.
- One can receive a rate less than 9%.
- One can receive a rate less than 8%.
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