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approximately normally distributed, find the probability that a randomly selected monthly payment is: a. more than P100000. b. less than P147500. c. between P80000 and P115000.

approximately normally distributed, find the probability that a randomly selected monthly payment is: a. more than P100000. b. less than P147500. c. between P80000 and P115000.

MATLAB: An Introduction with Applications
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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3. The average monthly mortgage payment including principal and interest is P98200. If the standard deviation is approximately P18000 and the mortgage payments are approximately normally distributed, find the probability that a randomly selected monthly payment is: more than P100000. b. less than P147500. c. between P80000 and P115000. а.
Transcribed Image Text:3. The average monthly mortgage payment including principal and interest is P98200. If the standard deviation is approximately P18000 and the mortgage payments are approximately normally distributed, find the probability that a randomly selected monthly payment is: more than P100000. b. less than P147500. c. between P80000 and P115000. а.
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