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The value of mortgage loans made by a certain bank is normally distributed with mean of ₹36 lacs and a standard deviation of ₹12 lacs. The probability that a randomly selected mortgage loan is less than 54 lacs is(a) 85.26%(b) 93.32%(c) 97.42%(d) 98.04% |
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Answer» Correct answer is: (b) 93.32% P(x < 54) = P(z < 1.5) = 0.9332 = 93.32 % |
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