Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

7) Normal Distribution Computation (show your work for full credit) You must show your work for full credit. You may take a picture of your

image text in transcribed
7) Normal Distribution Computation (show your work for full credit) You must show your work for full credit. You may take a picture of your work and upload it to the "show work" link. Your work should include: 1. Set up the parameter for normal distribution 2. Enter the parameters into the normal distribution formula for each part. Private nonprofit four-year colleges charge, on average, $26,122 per year in tuition and fees. The standard deviation is $7,093. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible. a. What is the distribution of X? x N([:],[:]) b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 25,481 per year. E c. Find the 60th percentile for this distribution. SS (Round to the nearest dollar.) Add Work

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Mathematical Analysis I

Authors: Claudio Canuto, Anita Tabacco

2nd Edition

3319127721, 9783319127729

More Books

Students also viewed these Mathematics questions