Answered: 5. The home loan department of BRAC…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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5. The home loan department of BRAC Bank Limited sanction a significant number of loans per
month. In this month the amount of money requested on home loan applications at a Bank follow
a normal distribution with a mean of Tk. 73 lacs and a standard deviation of Tk.22 lacs. A loan
application is received this morning. Find is the probability that
a. The amount requested is Tk.75 lacs or more?
b. The amount requested is Tk. 45 lacs or less?
c. The amount requested is between Tk. 55 lacs and Tk.90 lacs?
d. The amount requested is exactly Tk. 65 lacs?
e. The amount requested that would be in the lowest 8%?
f. Also Find the median and mode amount?....

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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