Question
The average student loan debt for college graduates is $25,650. Suppose that that distribution is normal and that the standard deviation is $10,050. Let X
The average student loan debt for college graduates is $25,650. Suppose that that distribution is normal and that the standard deviation is $10,050. 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(,)
bFind the probability that the college graduate has between $11,950 and $31,450 in student loan debt.
c.The middle 20% of college graduates' loan debt lies between what two numbers?
Low: $
High: $
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Financial Accounting An Introduction to Concepts, Methods and Uses
Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis
14th edition
978-1111823450, 1-133-36617-1 , 1111823456, 978-1-133-3661, 978-1133591023
