A bank loan officer rates applicants for credit. The ratings are normally disterbuted with a mean of 600 and a standard deviation of 200.
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A bank loan officer rates applicants for credit. The ratings are normally disterbuted with a mean of 600 and a standard deviation of 200.
Define first.
Let X represent the rating of applicant.
Then,
Then,
Replace the values, and find this probability.
What do you get? :)
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