A Bank's Loan Officer Rates Applicants for Credit $P _ { 60 } ,$

question 33

Multiple Choice

A bank's loan officer rates applicants for credit. The ratings are normally distributed with a mean of 200 and a standard deviation of 50 . Find $P _ { 60 } ,$ the score which separates the lower 60% from the top 40% .

• A) 187.5
• B) 212.5
• C) 207.8
• D) 211.3

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