What is probability that debt for borrower with good credit

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Question: For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15.015 (BusinessWeek. March 20. 2006). Assume the standard deviation is $3540 and that debt amounts are normally distributed.

a. What is the probability that the debt for a borrower with good credit is more than S 18.000?

b. What is the probability that the debt for a borrower with good credit is less than 510.000?

c. What is the probability that the debt for a borrower with good credit is between $12,000 and $18.000?

d. What is the probability that the debt for a borrower with good credit is no more than $14.000?

Reference no: EM131455652

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