Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Private nonprofit four-year colleges charge, on average, $27,469 per year in tuition and fees. The standard deviation is $7,190. Assume the distribution is normal.

image text in transcribed

Private nonprofit four-year colleges charge, on average, $27,469 per year in tuition and fees. The standard deviation is $7,190. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X - N( b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 28,003 per year. c. Find the 79th percentile for this distribution. $ (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cambridge IGCSE And O Level Additional Mathematics

Authors: Val Hanrahan, Jeanette Powell

1st Edition

1510421645, 978-1510421646

More Books

Students also viewed these Mathematics questions

Question

Write a query to fetch all the records in Employee table

Answered: 1 week ago

Question

2. Construct a simple financial planning model.

Answered: 1 week ago

Question

explain the underlying concepts of accounting;

Answered: 1 week ago