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In 2015, 71% of students graduating from four-year colleges had student loan debt. Suppose that the cumulative debt among recent college graduates is normally distributed
In 2015, 71% of students graduating from four-year colleges had student loan debt. Suppose that the cumulative debt among recent college graduates is normally distributed with a mean of
= In 2015, 71% of students graduating from four-year colleges had student loan debt. Suppose that the cumulative debt among recent college graduates is normally distributed with a mean of My : $32,000 and standard deviation of Oy = $4,000. What is the probability that a randomly selected recent college graduate will have an accumulated debt of more than y = $25,000? 0.25 0.16 0.04 0.96 0.68Step by Step Solution
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