Suppose that the typical college student graduates with $28,650 in debt. Let debt among recent college graduates

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Suppose that the typical college student graduates with $28,650 in debt. Let debt among recent college graduates be normally distributed with a standard deviation of $7,000.

a. What is the probability that the average debt of four recent college graduates is more than $25,000?

b. What is the probability that the average debt of four recent college graduates is more than $30,000?

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Business Analytics Communicating With Numbers

ISBN: 9781260785005

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Authors: Sanjiv Jaggia, Alison Kelly, Kevin Lertwachara, Leida Chen

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Question Posted: Feb 16, 2023 03:54 AM

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Suppose that the typical college student graduates with $28,650 in debt. Let debt among recent college graduates

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Business Analytics Communicating With Numbers

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