Question 1A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If an applicant is randomly selected, find the probability of a rating that is between200 and 275.Question 2The credit card payment, PaymentAmt, made last month by 100 credit card holders was obtained and processed using MINITAB. Some preliminary results are shown in Exhibit 2 below:Exhibit 2VariableNMeanMedianStDevSE MeanPaymentAmt100163.76158.565.596.56Assuming that the distribution is normal, estimate the highest credit card payment made by the first 75% of these 100 credit card holders.

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A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If an applicant is randomly selected, find the probability of a rating that is between 200 and 275.

A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. If an applicant is randomly selected, find the probability of a rating that is between 200 and 275.

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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