Suppose that the average loan taken out by small-sized businesses from a commercial bank is $275,000. If the loan sizes are normally distributed with a standard deviation of $25,000, find each of the following: A. The probability that a small-sized business takes out a loan of more than $325,000. The prohebility that e sm inocc tokor out loon boturoon $245.000 & S310.000

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Suppose that the average loan taken out by small-sized businesses from a commercial bank is $275,000. If the loan sizes are normally
distributed with a standard deviation of $25,000, find each of the following:
A. The probability that a small-sized business takes out a loan of more than $325,000.
B. The probability that a small-sized business takes out a loan between $245,000 & $310,000.
Transcribed Image Text:Suppose that the average loan taken out by small-sized businesses from a commercial bank is $275,000. If the loan sizes are normally distributed with a standard deviation of $25,000, find each of the following: A. The probability that a small-sized business takes out a loan of more than $325,000. B. The probability that a small-sized business takes out a loan between $245,000 & $310,000.
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