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Suppose Canadian home-owners owe an average of $191,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of
Suppose Canadian home-owners owe an average of $191,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $97,000. Standard Normal Distribution Table a. Albertans are reported to owe $249,300 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $249,300? 0.0000 Round to four decimal places if necessaryb. What is the probability of randomly selecting a Canadian with mortgage debt below $103,000? 0.0000 Round to four decimal places ll necessary :2. Determine the minimum mortgage debt owing by the 21% of Canadians with the largest mortgages. Round to the nearest dollar 0.03 0.01 2 0.DB 0.07 0.06 0.05 0.04 0.02 0.00 0.09 1.0002 -3.6 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0001 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 0.0002 -3.5 0.0002 0.0003 0.0003 0.000 0.0003 0.00 03 0.0003 0.0003 0.0003 0.0003 -3.4 The highlighted -3.3 0.0003 0.0004 0.000 0.0004 0.0004 0.0004 0.0004 0.0005 0.0005 0.0005 value shows the area -3.2 0.0005 17000 0.0005 100 06 0.0006 0.0006 0.0007 0.0007 under the standard 0.0010 normal distribution -3.1 0.0007 0.0007 D.0008 0.0OUS 0.00 08 0.000B 0.0009 0.0009 0.0009 below z-score -1.56. -3.0 0.0010 0.0010 0.0011 0.0011 0.0011 0.0012 0.0012 0.0013 0.0013 0.0013 0.0019 -2.9 0.0014 0.0014 0.0015 0.0015 0.0016 0.0016 0.0017 0.0018 0.0018 -2.B 0.0019 0.0020 0.0021 0.0021 0.0022 0.0023 0.0023 0.0024 0.0025 0.0026 -2.7 0.0026 0.0027 0.0028 0.002 0.0030 0.0031 0.0032 0.0033 0.0034 0.0035 -2.6 0.0036 0.0037 0.0038 0.0039 0.0040 0.0041 0.0043 0.0044 0.0045 0.004 0.0060 0.0062 -2.5 0.0048 0.0049 * 0.0051 0.0052 0.0054 0.0055 0.0057 0.0059 0.0064 0.0066 0.0068 0.0069 0.0075 0.0082 -2.4 0.0071 0.0073 0.0078 0.0080 -2.3 0.0084 0.0087 0.0089 0.0091 0.0094 0.0096 0.0099 0.0102 0.0104 0.010 -2 2 0.0110 0.0113 0.0116 0.0115 0.0122 0.0125 0.0129 0.0132 0.0136 0.0139 -2.1 0.0143 0.0146 0.0150 0.0154 0.0158 0.0162 0.0166 0.0170 0.0174 0.0179 0.0192 0.0197 0.0202 0.0207 0.0212 0.0217 0.0222 0.022 -2.0 0.0183 0.0188 0.0287 -1.9 0.0233 0.0239 0.0244 0.0250 0.0256 0.0262 0.0268 0.0274 0.0281 0.0294 0.0301 0.0307 0.0314 0.0322 0.0329 0.0336 0.0344 0.0351 0.0359 -1.8 -1.7 0.0367 0.0375 0.0384 0.0392 0.0401 0.0409 0.0418 0.0427 0.0436 0.0446 0.0455 0.0465 0.0475 0.048 0.0495 * 0.0505 0.0516 0.0526 0.0537 0.054 -1.6 -1.5 0.0559 0.0571 0.0582 0.0594 0.0606 0.0618 0.0630 0.0643 0.0655 0.0668 0.0808 -1.4 0.0681 0.0694 0.0708 0.072 0.0735 0.0749 0.0764 0.0778 0.0793 0.096 -1.3 0.0823 0.0838 0.0853 0.0869 0.0885 0.0901 0.0918 0.0934 0.0951 -1.2 0.0985 0.1003 0.1020 0.1038 0.1056 0.1075 0.1093 0.1112 0.1131 0.1151 0.135 -1.1 0.1335 0.1170 0.1190 0.1210 0.1230 0.1251 0.1271 0.1292 0.1314 -1.0 0.1379 0.1401 0.1423 0.1446 0.1469 0.1492 0.1515 0.1539 0.1562 0.1587 0.1762 0.1788 0.1814 0.1841 -0.9 0.1611 0.1635 0.1660 0.1685 0.1711 0.1736 0.2119 -0.B 0.1894 0.1922 0.1949 0.1977 0.2005 0.2033 0.2061 0.2090 0.1867 0.2420 -0.7 0.2148 0.2177 0.2206 0.2234 0.2266 0.2296 0.2327 0.2358 0.2385 0.2451 0.2483 0.2514 0.254 0.2578 0.2611 0.2643 0.2676 0.2709 0.2743 -0.6 0.3050 0.3085 -0.5 0.2776 0.2810 0.2843 0.287 0.2912 0.2946 0.2981 0.3015 -0.4 0.3121 0.3156 0.3192 0.322 0.3264 0.3300 0.3336 0.3372 0.3409 0.3446 -0.3 0.3483 0.3520 0.3557 0.3594 0.3632 0.3669 0.3707 0.3745 0.3783 0.3821 -0.2 0.3859 0.3897 0.3936 0.397 0.4013 0.4052 0.4090 0.4129 0.4168 0.420 -0.1 0.4247 0.4286 0.4325 0.4364 0.4404 0.4443 0.4483 0.4522 0.4562 0.4602 -0.0 0.4641 0.4681 0.4721 0.476 0.4801 0.4840 0.4880 0.4920 0.4960 0.5000 Note: For z S -3.70, use P(Z
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