Howe's Finance Corporation provides financing for customers at an automotive dealership. The average loan amount is $24,000 with a standard deviation of $8000. Assuming that the loan amount is normally distributed, what is the probability that a randomly selected contemer buying a car will want to finance at least $20,000? 17. Suppose that the incou
Howe's Finance Corporation provides financing for customers at an automotive dealership. The average loan amount is $24,000 with a standard deviation of $8000. Assuming that the loan amount is normally distributed, what is the probability that a randomly selected contemer buying a car will want to finance at least $20,000? 17. Suppose that the incou
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Please show the “BELL CURVE” model and any “HYPOTHESIS TEST GRAPH GENERATOR” and “EVERY STEP” you took to solve the problem “WITHOUT TAKING ANY SHORT CUTS” so I can see every step to solve the problem. When short cuts are taken, it is hard to determine what the missing step was.
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16. Howe's Finance Corporation provides financing for customers at an automotive dealership.
The average loan amount is $24,000 with a standard deviation of $8000. Assuming that the
loan amount is normally distributed, what is the probability that a randomly selected contemer
buying a car will want to finance at least $20,000?
17. Suppose that the incom
ds?
of
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