3. Suppose that the average outstanding credit card balance for your professionals is 11,200 with a standard deviation of 2,600. In a simple random of 150 young professionals, what isnthe probability that

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Chapter1: Combinatorial Analysis
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3. Suppose that the average outstanding
credit card balance for your professionals
is 11,200 with a standard deviation of
2,600. In a simple random of 150 young
professionals, what isnthe probability that
the mean outstandingcredit card balance
does not exceeds 12,300?
Transcribed Image Text:3. Suppose that the average outstanding credit card balance for your professionals is 11,200 with a standard deviation of 2,600. In a simple random of 150 young professionals, what isnthe probability that the mean outstandingcredit card balance does not exceeds 12,300?
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