Loan officer rates applicants for credit
A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50. Find P60, the score which separates the lower 60% from the top 40%.
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Consider a sample with data values of 10, 20, 12, 17, and 16. Compute the z-score for each of the five observations (to 2 decimals).
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According to an internet ratings survey, about 59% of the population of the US and Canada had accessed the internet recently. If 4 people from the US or Canada had been selected at random, find the probability that:
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