The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where theamount requested for home loans followed the normal distribution with a mean of $79,000 and a standard deviation of $16,000(Round zscore computation to 2 decimal places and the final answers to the nearest whole dollars.)a. What is the minimum amount requested on the largest 4% of loans?b. What is the maximum amount requested on the smallest 12% of loans?

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Description: The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where theamount requested for home loans followed the normal distribution with a mean of $79,000 and a standard deviation of $16,0

It is given that mean is 79,000 and standard deviation is 16,000.

Math

Statistics

The emounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where amount requested for home loans followed the normal distribution with a mean of $79,000 and a standard deviation of $16,000 (Round escore computation to 2 decimal pleces and the final answers to the nearest whole dollars.) e. What is the minimum amount requested on the largest 4% of loans? b. What is the maximum amount requested on the smallest 12% of loans?

The emounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, where amount requested for home loans followed the normal distribution with a mean of $79,000 and a standard deviation of $16,000 (Round escore computation to 2 decimal pleces and the final answers to the nearest whole dollars.) e. What is the minimum amount requested on the largest 4% of loans? b. What is the maximum amount requested on the smallest 12% of loans?

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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