Answer:
Probability that their mean is above 215 is 0.0287.
Step-by-step explanation:
We are given that 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. 
For this, 40 different applicants are randomly selected.
<em>Let X = ratings for credit</em>
So, X ~ N( )
)
Now, the z score probability distribution for sample mean is given by;
          Z =  ~ N(0,1)
 ~ N(0,1)
where,  = population mean = 200
 = population mean = 200
             = standard deviation = 50
 = standard deviation = 50
             = sample mean
 = sample mean 
            n = sample of applicants = 40
So, probability that their mean is above 215 is given by = P( > 215)
 > 215)
     P( > 215) = P(
 > 215) = P(  >
 >  ) = P(Z > 1.897) = 1 - P(Z
 ) = P(Z > 1.897) = 1 - P(Z  1.897)
 1.897)
                                                          = 1 - 0.97108 = 0.0287
Therefore, probability that their mean is above 215 is 0.0287.