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A Bank's Loan Officer Rates Applicants for Credit

Question 125

Multiple Choice

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. If 40 different applicants are randomly selected, find the probability that their mean is above 215.


A) 0.0287
B) 0.1179
C) 0.4713
D) 0.3821

Correct Answer:

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