Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Repeat #2 again Question 2 Next question Get a similar question You can retry this question below Private nonprofit four-year colleges charge, on average, $27,742

Repeat #2 again

image text in transcribed
Question 2 Next question Get a similar question You can retry this question below Private nonprofit four-year colleges charge, on average, $27,742 per year in tuition and fees. The standard deviation is $6,940. 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( 27742 6940 b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 22,871 per year. | 0.2414 c. Find the 70th percentile for this distribution. $ 31379 X (Round to the nearest dollar.) Hint

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

Intermediate Algebra Functions & Authentic Applications

Authors: Jay Lehmann

5th Edition

0321923464, 9780321923462

More Books

Students also viewed these Mathematics questions