Solve the Problem

question 203

Multiple Choice

Solve the problem. Round to the nearest tenth unless indicated otherwise.
-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 P60, the score which separates the lower 60% from the top 40%.

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

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Definitions:

Fraudulent Misrepresentation

Deliberately providing false statements or deceitfully omitting information to induce someone into a contract.

Undue Influence

Improper or manipulative pressure exerted by one person over another in order to change that person's decisions or consent.

Fraudulent Misrepresentation

A false statement of fact made by one party to another party, which has the effect of inducing that party into the contract.

Guided Tour

A tour led by a knowledgeable guide who provides information and insights about the places visited.