1. 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 more than $25,000?

2.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?

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To solve both of these problems we can use the Zscore formula and the standard normal distribution t... View the full answer