Assume That the Random Variable X Is Normally Distributed, with Mean

question 19

Multiple Choice

Assume that the random variable X is normally distributed, with mean μ = 60 and standard deviation σ = 16.Compute the probability P(X < 80) .

• A) 0.8944
• B) 0.8849
• C) 0.1056
• D) 0.9015

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Definitions:

Mortgage

A loan in which property or real estate is used as collateral. The borrower agrees to pay back the loan, with interest, over a set period of time.

Co-Sureties

Multiple parties who join together to provide surety or a guarantee for the performance or obligations of another.

Right of Contribution

The legal right of a party to reclaim a portion of damages or losses from another party who is jointly liable.

Surety's Obligation

A legal responsibility assumed by a surety, guaranteeing the performance or obligations of another party.