Consider the average home loan in New Zealand of $283 000, where the standard deviation is $50
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Consider the average home loan in New Zealand of $283 000, where the standard deviation is $50 000 and home loans are normally distributed.
(a) What proportion of home loans are more than $250 000?
(b) What proportion of home loans are between $250 000 and $300 000?
(c) If a home loan is known to be more than $250 000, what is the probability that it is less than $280 000?
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Related Book For
Business Analytics And Statistics
ISBN: 9780730363330
1st Edition
Authors: Ken Black, John Asafu Adjaye, Paul Burke, Nelson Perera, Carl Sherwood, Saleh A. Wasimi
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