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.
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 of85
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
.
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 than60
%
of the people in the sample were in debt.
The probability that less than60
%
of the people in the sample were in debt is
.
Part 4 of 6
(d)Find the probability that between70
%
and80
%
of the people in the sample were in debt.
The probability that between70
%
and80
%
of the people in the sample were in debt is
.
Part 5 of 6
(e)Find the probability that more than77
%
of the people in the sample were in debt.
The probability that more than77
%
of the people in the sample were in debt is
.
Part 6 of 6
(f)Would it be unusual if less than63
%
of people in the sample were in debt?
It
(Choose one)
be unusual if less than63
%
of the people in the sample were in debt, since the probability is
.
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