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It is reported that the average cumulative debt of recent college graduates is about $20,500. Let the cumulative debt among recent college graduates be normally
It is reported that the average cumulative debt of recent college graduates is about $20,500. Let the cumulative debt among recent college graduates be normally distributed with a standard deviation of $6,000. If an estimated 1.9 million recent college graduates have debt, approximately how many of them have accumulated debt of more than $30,000? (You may find it useful to reference the z table.)1
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