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?

Name: The amounts of money requested on home loan applications at Down Rive
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
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

See similar textbooks

Similar questions

The Consumer Price Index is reported monthly by the U.S. Bureau of Labor Statistics. It reports the charge in prices for a market basket of goods from one period to another. The index for 2010 was 213.967. BY 2017, it increased to 239.051 What was the geometric mean annual increase for the period? ( Round your answer to 1 decimal)
XYZ office supplies company leases copier machines to businesses. Leases are normally distributed with a mean of 24 months and variance of 36. a. What is the minimum lease period below which the bottom 10% lie? b.What is the minimum lease period of lease for the top 1% ?
Calculate the standard deviation of the following set of numbers (show your work): 5 5 7 8 10
Given the data set below, calculate the standard deviation 27, 33, 5, 16, 22, 46, 16, 39, 52 standard deviation using the defining formula= standard deviation using the computing formula=
Set up the following scores into a grouped frequency distribution. Obtain relative frequency and cumulative frequency
Fill in the missing values for this ANOVA summary table round to two decimal places: S.S. d.f. M.S. F Between 3913.52 5 Within TOTAL 7835.52 42
Suppose the following data show the introductory interest rates on a sample of 5 credit cards: 6, 2.7, 3.3, 5.6, 3.7. Calculate the standard deviation of the sample. Note: the numbers may be different from the last problem. (please express your answer using 2 decimal places)
Six different titrations are found to be 0.5018 0.5047 0.5062 0.5039 0.5056 0.5038. Calculate the mean, median, average deviation, standard deviation, and coefficient of variation
The table below provides starting salary estimates for a number of health sciences occupations in Canada. Occupation Salary ($) Dietitian 49,000 Medical Technologist 47,000 EMT/Paramedic 54,000 Radiologic Technician 51,000 Dental Hygienist 58,000 Orthodontist 98,000 Optician 40,000 Radiation Therapist 55,000 Midwife 55,000 Massage Therapist 40,000 a. Calculate the mean salary using all the values. Round to the nearest cent b. Calculate the mean after removing the outlier(s) in the data set. Round to the nearest cent
The median home value in West Virginia and Rhode Island (adjusted for Inflation) are shown below.
Calculate the 95% margin of error in estimating a population mean for the following values. (Round your answer to three decimal places.) 30,² = 1.2 n =