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Home loan applications at down river federal savings

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The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, with a mean of $67,000 and a standard deviation of $17,000. A loan application is received this morning. What is the probability that: (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)

a. The amount requested is $78,000 or more?

Probability

b. The amount requested is between $58,000 and $78,000?

Probability

c. The amount requested is $58,000 or more?

Probability

Reference no: EM132483273

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