According to a PEW Research Center survey, the mean student loan at graduation is $25,000. Suppose that student loans are normally distributed with a standard deviation of $5,000. A graduate with a student loan is selected at random. Find the following probabilities. a) The loan is greater than $30,000. b) The loan is less than $22,500. c) The loan falls between $20,000 and $32,000.
According to a PEW Research Center survey, the mean student loan at graduation is $25,000. Suppose that student loans are normally distributed with a standard deviation of $5,000. A graduate with a student loan is selected at random. Find the following probabilities. a) The loan is greater than $30,000. b) The loan is less than $22,500. c) The loan falls between $20,000 and $32,000.
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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