Some sources report that the weights of full-term newborn babies in a certain town have a mean of 8 pounds and a standard deviation of 1.2 pounds and are normally distributed. a. What is the probability that one newborn baby will have a weight within 1.2 pounds of the meanlong dashthat is, between 6.8 and 9.2 pounds, or within one standard deviation of the mean? b. What is the probability that the average of nine babies' weights will be within 1.2 pounds of the mean; will be between 6.8 and 9.2 pounds? c. Explain the difference between (a) and (b).

correct answer:

b.(19,-2)

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explanation:

the loan estimate encourages consumers to shop. since it is the lenders who are required to issue a standardized loan estimate in a specific time frame, this way consumers are provided an opportunity to compare lenders and their products. otherwise consumer wouldn't know the benefits offered by other lenders.  

if a loan originator does not provide a loan estimate within 3 business days of receiving a completed loan application, that lender is in violation. lenders are required to issue a loan estimate within 3 days of applying for a loan or within 7 days prior to closing. having a loan estimate has following information.

not having loan estimate won't give you an idea of money to be borrowed.

you get to know your interest rates.

you also get to know if your interest rate can or may vary.

not having a good faith estimate can keep you unaware of aforementioned points.