The credit scores of 35-year-olds applying for a mortgage at Ulysses Mortgage Associates are normally distributed...

90.2K

Verified Solution

Question

Basic Math

The credit scores of 35-year-olds applying for a mortgage atUlysses Mortgage Associates are normally distributed with a mean of600 and a standard deviation of 90. (a) Find the credit score thatdefines the upper 5 percent. (Use Excel or Appendix C to calculatethe z-value. Round your final answer to 2 decimal places.) Creditscore (b) Seventy-five percent of the customers will have a creditscore higher than what value? (Use Excel or Appendix C forcalculation of z-value. Round your final answer to 2 decimalplaces.) Credit score (c) Within what range would the middle 80percent of credit scores lie? (Use Excel or Appendix C forcalculation of z-value. Round your final answer to 2 decimalplaces.) Range-- to---

Answer & Explanation Solved by verified expert
3.9 Ratings (400 Votes)
    See Answer
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students