Loan officer rates applicants for credit

Assignment Help Basic Statistics
Reference no: EM13103922

A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 175 and a standard deviation of 15. If an applicant is randomly selected, find the probability of a rating that is between 150 and 200.

Reference no: EM13103922

Questions Cloud

During this time what sdistance has she fallen : A person is running at 7 m/s with her hands outstreched abover her head (1.95m from feet to finger tips) she runs exactly horizontally off the edge of a chasm and attempts to grab onto opposite side.
Recognize governmental agency-governs health care industry : Create the 1,400 word paper to recognize governmental or other agency (e.g. JCAHO) which governs the health care industry (or particular segment of the industry).
Compute the total annual cost : A large law firm uses an average of 37 boxes of copier paper a day. The firm operates 256 days a year. Storage and handling costs for the paper are $31 a year per box.
How much energy is required to boil away water : A pot of hot water is boiling on your stove. The pot is in the shape of a round cylinder made of aluminum which is 10 cm in radius. The aluminum is 3 mm thick.
Loan officer rates applicants for credit : A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 175 and a standard deviation of 15. If an applicant is randomly selected, find the probability of a rating that is between 150 and 200.
Slot machine probability : A slot machine in Reno costs $1 to play. If the jackpot is $1,000 and the expected value is $ - 0.50 find the probability of winning.
What is the ratio of the final total charge : Consider three identical metal spheres, A, B, and C. Sphere A carries a charge of +3q. Sphere B carries a charge of -q. Sphere C carries no net charge.
Judy holmes tire dealership problem : In the past, Judy Holmes's tire dealership sold an average of 1,000 radials each year. In the past two years, 200 and 250, respectively, were sold in fall, 350 and 300 in winter, 150 and 165 in spring, and 300 and 285 in summer.
Question about simple probability : A factory finds,on average, 20% of the widgets produced by a given machine will be defective for certain specified requirements.

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Finding test statistics and its two-sided p-value

Find out the test statistic s and its two-sided P -value. Do data give good evidence that population mean is not zero?

  Testing gas pumps in michigan for accuracy

Cheating Gas Pumps When testing gas pumps in Michigan for accuracy, fuel-quality enforcement specialists tested pumps and found that 1299 were not accurate (within 3.3 oz when 5 gal is pumped), and 5686 were accurate.

  Minimizing cost of meeting demands

Find out how to minimize cost of meeting demands in Houston and Tampa.

  Approximate one-sided lower confidence limit for theta

Note that under the exponential assumption, P(X>t) = exp(-t/theta). If t=5, use the result from (a) to find an approximate one-sided lower 95% confidence limit for theta.

  Information about calculating binomial probabilities

Two-liter plastic bottles used for bottling cola are shipped in lots of 100. Suppose the lots are 5 percent defective. Some bottles leak, some are too small, and so forth.

  Probability and binomial distribution

There are 10 questions on a true-false test. A student feels unprepared for this test and randomly guesses the answer for each of these.

  Probability of drawing one or more aces

What is the probability of drawing one or more aces after discarding 5, 7, 8, and 9

  Normal distribution for sample means

Explain what property associated with the Central Limit Theorem you consider the most important contribution, enabling the use of the normal distribution for sample means.

  Probability questions for stats students

Two marbles are selected, one at a time from a jar of marbles containing 10 black, 10 brown, 10 white and 10 green marbles. Let x represent the number of white marbles selected in 2 separate selections from the jar.

  Safety stock and order point

Bob Billy is an operations analyst for Dollar-Does-It stores based in Iva, SC. He is currently studying the order and stocking policies for top-selling toy.

  Regression equation and prediction

CPI and Subway Fare Find the best predicted cost of subway fare when the consumer Price Index (CPI) is 182.5 (in the year 2000).

  Distribution of the breaking strength

A beverage company is trying to ?nd out the distribution of the breaking strength of their glass bottles. Fifty bottles are selected at random and tested for breaking strength, with the following results (in pounds per square inch):

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd