Question
Student loans: The Institute for College Access and Success reported that 67% of college students in a recent year graduated with student loan debt. A
Student loans:The Institute for College Access and Success reported that 67% of college students in a recent year graduated with student loan debt. A random sample of 95 graduates is drawn. UseCumulative Normal Distribution Tableas needed. Round your answers to at least four decimal places if necessary.
Part 1 of 6
(a)Find the mean
p
.
The mean p is 0.67 . |
Part 2 of 6
(b)Find the standard deviation
p
.
The standard deviation p is . |
Part 3 of 6
(c)Find the probability that less than
59%
of the people in the sample were in debt.
The probability that less than 59% of the people in the sample were in debt is . |
Part 4 of 6
(d)Find the probability that between
70%
and
75%
of the people in the sample were in debt.
The probability that between 70% and 75% of the people in the sample were in debt is . |
Part 5 of 6
(e)Find the probability that more than
74%
of the people in the sample were in debt.
The probability that more than 74% of the people in the sample were in debt is . |
Part 6 of 6
(f)Would it be unusual if less than
58%
of people in the sample were in debt?
It would be unusual if less than 58% of the people in the sample were in debt, since the probability is . |
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