Refer to Exercise 24, where the amount requested for home loans followed the normal distribution with a mean of $70 000 and a standard deviation of $20 000.
a. What is the minimum amount requested on the largest 3% of loans?
b. What is the maximum amount requested on the smallest 10% of loans?

Exercise 24

The amounts of money requested on home loan applications at Down River Federal Savings follow the normal distribution, with a mean of $70 000 and a standard deviation of $20 000. A loan application is received this morning.