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    kad2919's Avatar
    kad2919 Posts: 1, Reputation: 1
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    #1

    Apr 4, 2011, 02:55 PM
    a banks loan officer rates applicants for credit. The ratings are normally distribute
    a banks loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a std. deviation of 50. FInd the value of he 60th percentile, the score that separates the lower 60% from the top 40%
    galactus's Avatar
    galactus Posts: 2,271, Reputation: 282
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    #2

    Apr 5, 2011, 07:08 AM

    Go to a z table and look up .60 in the body of the table and find its corresponding z score.

    Then, set it equal to the formula , and solve for x.
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