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A Bank's Loan Officer Rates Applicants for Credit P60P _ { 60 }

Question 2

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 . Find P60P _ { 60 } , the score which separates the lower 60%60 \% from the top 40%40 \% .


A) 212.5212.5
B) 211.3211.3
C) 187.5187.5
D) 207.8207.8

Correct Answer:

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