THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 23

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
The distribution of IQ scores for high school graduates is normally distributed with mean μ = 104 and standard deviation σ = 16.
-Find the probability a person chosen at random from this group has an IQ score above 146.00.

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Definitions:

Loan Agreement

A formal contract between a borrower and a lender outlining the terms and conditions of the loan, including interest rates and repayment schedule.

Installment Notes

A debt instrument that requires a series of payments over time, often used for financing purchases.

Payment Pattern

The typical manner or schedule in which a business or individual settles their financial obligations, such as monthly or quarterly payments.