A bank auditor claims that credit card balances are normally distributed with mean $3000 and standard deviation $500.
- What is the probability that a randomly selected credit card holder has a card balance less than $2500?
- What is the probability randomly selected card holder has a balance exactly equal to $3000?
- What percentage of card holders have card balances between $2700 and $3700?
- Suppose the auditor randomly select two card holders. What is the probability both of them have card balances more than 2500?