A Bank Has Determined That the Monthly Balances of the Saving

question 112

Short Answer

A bank has determined that the monthly balances of the saving accounts of its customers are normally distributed, with an average balance of $1200 and a standard deviation of $250. What proportions of the customers have monthly balances:
a. less than $1000?
b. more than $1125?
c. between $950 and $1075?

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Definitions:

Cephalocaudal

A principle of development describing how growth starts at the head and moves towards the feet.

Proximodistal

A pattern of development where growth starts at the center of the body and moves towards the extremities.

Biodynamic

A farming and gardening method that relies on organic techniques, lunar cycles, and holistic approaches to cultivation.

Cephalocaudal

A pattern of growth and development in organisms where development begins at the head and progresses towards the tail or feet.