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***PLEASE SHOW HOW TO SOLVE IN EXCEL*** NOT HANDWRITTEN 7) For borrowers with good credit scores,...

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***PLEASE SHOW HOW TO SOLVE IN EXCEL*** NOT HANDWRITTEN

7) For borrowers with good credit scores, the mean debt forrevolving and installment accounts is $15,015. Assume the standarddeviation is $3,540 and that debt amounts are normallydistributed.

a. What is the probability that the debt for a borrower withgood credit is more than $18,000?

b. What is the probability that the debt for a borrower withgood credit is less than $10,000?

c. What is the probability that the debt for a borrower withgood credit is between $12,000 and $18,000?

d. What is the probability that the debt for a borrower withgood credit is no more than $14,000?

Answer & Explanation Solved by verified expert
4.3 Ratings (541 Votes)
Given that mean 15015 and    See Answer
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