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An estimated 1.8 million students take on student loans to pay ever-rising tuition and room and board. It is also known that the average cumulative
An estimated 1.8 million students take on student loans to pay ever-rising tuition and room and board. It is also known that the average cumulative debt of recent college graduates is about $22,000. Let the cumulative debt among recent college graduates be normally distributed with a standard deviation of $6,000. Approximately how many recent college graduates have accumulated student loans of more than $30,000?
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