Find the credit score that defines the upper ten percent

Assignment Help Financial Management

Reference no: EM131890691

The credit scores of 35-year-olds applying for a mortgage at Ulysses Mortgage Associates are normally distributed with a mean of 610 and a standard deviation of 90. (a) Find the credit score that defines the upper 10 percent. (Use Excel or Appendix C to calculate the z-value. Round your final answer to 2 decimal places.) Credit score (b) Sixty-five percent of the customers will have a credit score higher than what value? (Use Excel or Appendix C for calculation of z-value. Round your final answer to 2 decimal places.) Credit score (c) Within what range would the middle 70 percent of credit scores lie? (Use Excel or Appendix C for calculation of z-value. Round your final answer to 2 decimal places.) Range to.

Reference no: EM131890691

Questions Cloud

How many orders per years should be expected : How many orders per years should be expected? What is the expected total inventory (holding and ordering) cost per year?

Did the investment strategies work well in practice : Discuss the bond trading strategies as the expectation of interest rate changes. Did the investment strategies work well in practice?

What are actions that can be taken pertaining to the crowd : What are 2 actions that can be taken pertaining to the crowd of onlookers that might help you identify the offender(s)? Explain.

Where do they get that from : You take out a $175000 mortgage with a 25 year amortization period, a 5 year term and a 6% posted mortgage interest rate.

Find the credit score that defines the upper ten percent : Find the credit score that defines the upper 10 percent. Sixty-five percent of the customers will have a credit score higher than what value?

What is the npv of this acquisition : What is the NPV of this acquisition? Should Universal proceed with or abandon its plans to acquire X-Verleih?

What are steves demands for a contract : What type of contract is this? Unilateral or Bilateral? In order to answer this question you need to explain what is a bilateral and a unilateral contract.

Underpricing in corporate finance : What is information cascade in regards to underpricing in corporate finance?

Qualify for registration exemption : Is the company required to register its offering or does it qualify for a registration exemption?

User Account

All Pages