For a Normal Distribution with µ = 80 and σ

question 1

True/False

For a normal distribution with µ = 80 and σ = 10 the score that separates the bottom 10% of the distribution from the rest is 67.2.

---

Definitions:

Invest

The act of allocating resources, usually money, with the expectation of generating an income or profit.

Compounded Annually

Involves the process where interest is added to the principal sum at the end of each year, for the purpose of calculating the next year's interest.

Annual Payments

Regular payments made once a year.

Loan

Money that is borrowed, typically from a bank or financial institution, which is expected to be paid back with interest.