Choose the correct answer below. a. a z-score is an area under the normal curve. b. a z-score is a conversion that standardizes any value from a normal distribution to a standard normal distribution. c. if values are converted to standard z-scores, then procedures for working with all normal distributions are the same as those for the standard normal distribution. d. the area in any normal distribution bounded by some score x is the same as the area bounded by the equivalent z-score in the standard normal distribution.

A z score is a standardized score, measuring the number of standard deviations a given score is away from the mean. If the original scores are normal, the z scores will have a standard normal distribution.

Choice b

step-by-step explanation:

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.