What credit score defines top five percent of scores

Assignment Help Basic Statistics
Reference no: EM13113206

The credit score of a 35 applying for a mortgage is normally distributed with a mean score of 600 and a standard deviation of 100. What credit score defines the top five percent of scores. Within what range would 85% of credit score fall.

Reference no: EM13113206

Questions Cloud

Illustrate what is total production per day if change made : The cost of operating the cutting department two more hours each day is $1,600. The contribution margin of the finished products is $6 each. Inventory carrying costs are $0.40 per unit per day. Illustrate what is the total production per day if th..
Determine hypothesis testing-levels of significance : The mean weight for a certain type of fish is known to be 28.0 ounces with a standard deviation of 2.5 ounces . A game warden catches and weighs 30 fish from a certqin pond to check if they are larger than the mean stated above.
How many kilograms of carbon dioxide are produced : How many kilograms of CO2 are produced from the complete combustion of 1.00L of gasoline assume that the gasoline has the formula C8H18.
List the bonds in the most likely order of the interest rate : Consider the subsequent four debt securities, which are identical in every characteristic except as noted: List the bonds in the most likely order of the interest rates (yields to maturity) of the bonds from highest to lowest. Explain your work
What credit score defines top five percent of scores : A mean score of 600 and a standard deviation of 100. What credit score defines the top five percent of scores. Within what range would 85% of credit score fall.
Explain why might assumption of independence be violated : Suppose independent events. Explain why might the assumption of independence be violated? Explain why a driver might be tempted not to use a seat belt "just on this trip?"
Test of hypothesis-academic approach : Reis, Inc., a New York real estate research firm, tracks the cost of apartment rentals in the United States. In mid-2002, the nationwide mean apartment rental rate was $895 per month
Probability that cigar-smoking businessmen is republican : If p(s/d)=30 % of the Democrats smoke cigars, and p(s/d')=50% of Republicans smoke cigars also. What is the probability that a cigar- smoking businessmen is a Republican?
Three main types of business organizations are partnerships : Illustrate what is the duration of the "life" of each of these organizations? If you were forming a business entity and had no intent to go public (sell stock on the stock exchanges), illustrate what form would you use and explain why?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Calculate and label an endpoint probabilities

Flip the tree. Label all endpoints, supply all branch probabilities, and calculate and label an endpoint probabilities.

  Assumptions necessary of use the t-series test

What are the assumptions necessary to use the z-series test? What are the assumptions necessary of use the t-series test?

  What is the estimate of the overall proportion

We want to know if his support has decreased. In computing a test of hypothesis with , what is the estimate of the overall proportion?

  Multiple regression with excel and megastat

How to do multiple regression using Excel and the Megastat plugin. Students are given step-by-step instructions on how to use the MegaStat plugin for Excel and told why Excel's Data Analysis Toolpak isn't reliable for rigorous statistical analysis..

  Density curve displayed

the maximum point total for the quarter was 200. The point totals for the 10 students are given in the stemplot below. For the density curve displayed below, which of the following is true?

  Drivers in the sample regularly wear a seatbelt

Between 180 and 230 (inclusive) of the drivers in the sample regularly wear a seatbelt? Hint: Use the BINOMDIST function in Excel.

  Treatment based on a battery of psychological tests

At the end of 24 weeks of treatment, subjects were classified as responders or non-responders to treatment based on a battery of psychological tests.

  Confidence interval-sample size-sample question

Suppose you want an 85 percent confidence level. What value would you use to multiply the standard error of the mean?

  Question on hypothesis testing of mean and variance

The following data are from an independent-measures experiment comparing two treatment conditions. Do these data indicate a significant difference between the treatments

  Training program designed to improve study skills

Last fall, a sample of n = 36 freshman was selected to participate in a new 4-hour training program designed to improve study skills.

  Determine sample size suggested by statement

More than 5 percentage points in either direction from what would have been got by interviewing all voters in United States." Determine sample size suggested by this statement.

  What is the probability that mary''s name will be selected

The City Transit Authority plans to hire 8 new bus drivers. From the group of 100 qualified applicants, of whom 55 are men and 45 are women, 8 names are to be selected by lot. Suppose that Mary and John Lewis are among the 100 qualified applicants..

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