1.

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%

Answer»

Correct answer is: (b) 93.32%

P(x < 54) = P(z < 1.5)

= 0.9332

= 93.32 %



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