Amounts requested on home loans
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I don't know how to resolve this problem:
At the Down River Bank, the amount requested for home loans followed the normal distribution with a mean of $70,000 and a standard deviation of $20,000.
a. How much is requested on the largest 3 percent of the loans.
b. How much is requested on the smallest 10 percent of the loans.
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Solution Summary
This solution provides calculations in excel for amounts requested on home loans.
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