The home loan department of BRAC Bank Limited sanction a significant number of loans per month. In this month the amount of money requested on home loan applications at a Bank follow a normal distribution with a mean of Tk. 73 lacs and a standard deviation of Tk.22 lacs. A loan application is received this morning. Find is the probability that a. The amount requested is Tk.75 lacs or more? b. The amount requested is Tk. 45 lacs or less? c. The amount requested is between Tk. 55 lacs and Tk.90 lacs? d. The amount requested is exactly Tk. 65 lacs? e. The amount requested that would be in the lowest 8%? f. Also Find the median and mode amount?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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The home loan department of BRAC Bank Limited sanction a significant number of loans per
month. In this month the amount of money requested on home loan applications at a Bank follow
a normal distribution with a mean of Tk. 73 lacs and a standard deviation of Tk.22 lacs. A loan
application is received this morning. Find is the probability that
a. The amount requested is Tk.75 lacs or more?
b. The amount requested is Tk. 45 lacs or less?
c. The amount requested is between Tk. 55 lacs and Tk.90 lacs?
d. The amount requested is exactly Tk. 65 lacs?
e. The amount requested that would be in the lowest 8%?
f. Also Find the median and mode amount?
Transcribed Image Text:The home loan department of BRAC Bank Limited sanction a significant number of loans per month. In this month the amount of money requested on home loan applications at a Bank follow a normal distribution with a mean of Tk. 73 lacs and a standard deviation of Tk.22 lacs. A loan application is received this morning. Find is the probability that a. The amount requested is Tk.75 lacs or more? b. The amount requested is Tk. 45 lacs or less? c. The amount requested is between Tk. 55 lacs and Tk.90 lacs? d. The amount requested is exactly Tk. 65 lacs? e. The amount requested that would be in the lowest 8%? f. Also Find the median and mode amount?
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