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b. What is the probability of randomly selecting a Canadian With mortgage debt below $105,000? Round to four decimal places if necessary c. Determine the
b. What is the probability of randomly selecting a Canadian With mortgage debt below $105,000? Round to four decimal places if necessary c. Determine the minimum mortgage debt owing by the 19% of Canadians with the largest mortgages. Round to the nearest dollarSuppose Canadian home-owners owe an average of $183,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $92,000. Standard Normal Distribution Table a. Albertans are reported to owe $246,500 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $246,500? Round to four decimal places if necessary\f\f
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