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:

Certificate Of Waiver

A document that exempts the holder from having to comply with certain regulations or requirements, often in a healthcare or regulatory context.

Quality Assurance

The systematic process of verifying whether a product or service meets specified requirements.

Quality Control

The processes and measures taken to ensure the quality of a product or service meets specific standards.

Chemical Hygiene Plan

A written program developed to ensure the safe use and handling of chemicals within a workplace.