9) For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015. Assume the st
Posted: Sun Oct 03, 2021 11:14 am
9) For borrowers with good credit scores, the mean debt for
revolving and installment accounts is $15,015. Assume the standard
deviation is $3,540 and that debt amounts are normally distributed.
NEED FORMULAS TO SOLVE IN EXCEL
a.What is the probability that the debt for a borrower with good
credit is more than $18,000?
b. What is the probability that the debt for a borrower with
good credit is less than $10,000?
c. What is the probability that the debt for a borrower with
good credit is between $12,000 and $18,000?
d. What is the probability that the debt for a borrower with
good credit is no more than $14,000?
revolving and installment accounts is $15,015. Assume the standard
deviation is $3,540 and that debt amounts are normally distributed.
NEED FORMULAS TO SOLVE IN EXCEL
a.What is the probability that the debt for a borrower with good
credit is more than $18,000?
b. What is the probability that the debt for a borrower with
good credit is less than $10,000?
c. What is the probability that the debt for a borrower with
good credit is between $12,000 and $18,000?
d. What is the probability that the debt for a borrower with
good credit is no more than $14,000?