The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the st
Posted: Sun Sep 05, 2021 5:18 pm
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: $