Question 12
0.5 pts
Suppose that the auto loans from a bank are normally distributed with a mean of $23,334 and a
standard deviation of 3,412. What is the probability that a randomly selected loan will be for less
than $26,000? Answer to three decimal places if necessary.
Question 13
1 pts
Suppose that the loan amount on mortgages for a particular zip code is normally distributed with
a mean of 155,262, measured in dollars, with a standard deviation of 13,494. What is the z value
for a loan of 186,004 dollars? Answer to three decimal places if needed.
Question 14
1 pts
Suppose that the weight of cereal in a box is normally distributed around a mean of 20, measured
in ounces, with a standard deviation of 0.18. What is the z value for a box with 19.92 ounces of
cereal? Answer to three decimal places if needed.