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?

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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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Question Posted: Jan 27, 2020 01:37 PM

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Consider the average home loan in New Zealand of $283 000, where the standard deviation is $50

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Business Analytics And Statistics

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