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What is the probability of a rating between 600 and 775?
MR190A
Dec 3, 2010, 01:39 PM
A bank loan officer rates applicants for credit. The ratings are normally disterbuted with a mean of 600 and a standard deviation of 200.
Unknown008
Dec 4, 2010, 12:23 AM
Define first.
Let X represent the rating of applicant.
Then, X \sim N(600, 200^2)
Then, P(600 < X < 775) = P\(\frac{600 - \mu}{\sigma} < z < \frac{775 - \mu}{\sigma}\)
Replace the values, and find this probability.
What do you get? :)