Asked by Jessica
A bank’s loan officer rates applicants for credit. The ratings are normally distributed with a mean of 175 and a standard deviation of 15. If an applicant is randomly selected, find the probability of a rating that is between 150 and 200.
Answers
Answered by
PsyDAG
Z = (score-mean)/SD
Find table in the back of your statistics text labeled something like "areas under normal distribution" to find the proportion between the two Z scores.
Find table in the back of your statistics text labeled something like "areas under normal distribution" to find the proportion between the two Z scores.
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