Find the Indicated Probability or Percentage for the Normally Distributed

question 43

Multiple Choice

Find the indicated probability or percentage for the normally distributed variable.
-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. If an applicant is randomly selected, find the probability of a
Rating that is between 170 and 220.

• A)0.2257
• B)0.1554
• C)0.0703
• D)0.3811

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Definitions:

Just-In-Time Partnerships

Collaborations between companies that focus on producing or delivering goods only as they are needed, to reduce inventory costs and increase efficiency.

Large Lot Sizes

Refers to the practice of producing or purchasing goods in large quantities, typically to achieve economies of scale but potentially leading to increased inventory costs.