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Assume you work for a big bank and you determine that credit card debt among customers with outstanding balances on their accounts has a normal
Assume you work for a big bank and you determine that credit card debt among customers with outstanding balances on their accounts has a normal distribution.
The mean of this distribution is $10,000 and the population standard deviation is $3000.
If a random customer with an outstanding balance on his account approaches you, what is the probability that the customer has more than $14,800 in credit card debt?
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