Question
The average student loan debt for college graduates is $25,500. Suppose that that distribution is normal and that the standard deviation is $10,250. Let X
The average student loan debt for college graduates is $25,500. Suppose that that distribution is normal and that the standard deviation is $10,250. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. What is the distribution of X? X ~ N(,) b Find the probability that the college graduate has between $11,400 and $22,400 in student loan debt. c. The middle 30% of college graduates' loan debt lies between what two numbers? Low: $ High: $ Please show all the work so I can answer the questions on my own.
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