A bank's loan office rates applicants for credit. The ratings are normally distributed with a mean o
Question: A bank's loan office rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50.
a) If one applicant is randomly selected, find the probability that the rating is between 200-235.
b) If one applicant is randomly selected, find the probability that the rating is above 250.
c) If one applicant is randomly selected, find the probability that the rating is between 210-260.
d) Find D6, the rating which separates the lower 60% from the top 40%.
e) If 30 different applicants are randomly selected, find the probability that their mean rating is below \(220\).
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Solution: The solution file consists of 2 pages
Deliverables: Word Document![](/images/msword.png)
Deliverables: Word Document
![](/images/msword.png)