The amounts of money requested on home loan applications at Down River Federal Savings follow the no
Question: The amounts of money requested on home loan applications at Down River Federal Savings
follow the normal distribution, with a mean of $70,000 and a standard deviation of
$20,000. A loan application is received this morning. What is the probability:
a. The amount requested is $80,000 or more?
b. The amount requested is between $65,000 and $80,000?
c. The amount requested is $65,000 or more?
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Deliverable: Word Document
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Solution: Refer to Exercise 18, where the amount requested for home loans followed the normal distribution wit #14860
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