The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the st

Business, Finance, Economics, Accounting, Operations Management, Computer Science, Electrical Engineering, Mechanical Engineering, Civil Engineering, Chemical Engineering, Algebra, Precalculus, Statistics and Probabilty, Advanced Math, Physics, Chemistry, Biology, Nursing, Psychology, Certifications, Tests, Prep, and more.
Post Reply
answerhappygod
Site Admin
Posts: 899559
Joined: Mon Aug 02, 2021 8:13 am

The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the st

Post by answerhappygod »

The Average Student Loan Debt For College Graduates Is 25 000 Suppose That That Distribution Is Normal And That The St 1
The Average Student Loan Debt For College Graduates Is 25 000 Suppose That That Distribution Is Normal And That The St 1 (120.36 KiB) Viewed 110 times
The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the standard deviation is $12,550. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. What is the distribution of X? X~ N( b Find the probability that the college graduate has between $10,550 and $20,750 in student loan debt. c. The middle 30% of college graduates' loan debt lies between what two numbers? Low: $ High: $
Join a community of subject matter experts. Register for FREE to view solutions, replies, and use search function. Request answer by replying!
Top
Post Reply

Return to “Archived Questions & Answers”