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:

Economic Inequality

The unequal distribution of wealth, income, and opportunities among individuals or groups within a society.

Chinese Immigrants

People hailing from China who move to another country, historically significant for their roles in the labor force during the development of the American West in the 19th century.

Dawes Act

An 1887 law that aimed to assimilate Native Americans into American society by distributing reservation land to individual owners.

Treaty System

A framework or set of principles that governs the making and enforcement of treaties between sovereign states, including agreements on trade, peace, and alliances.