Discussion Board 5- Central Limit Theorem - Sample Proportion Distribution The Public Service Student Loan Forgiveness program states that the proportion of applications rejected for not meeting the 120-month payment period is 56.2%. 1. If you randomly select 100 loans that were rejected, what is the probability that the average will be below 60% due to not meeting the 120-month payment period? A. If you randomly select 175 loans that were rejected, what is the probability that the average will be above 50% due to not meeting the 120-month payment period? В. If you randomly select 250 loans that were rejected, what is the probability that the average will be between 53% and 58% due to not meeting the 120-month payment period? C.

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Discussion Board 5- Central Limit Theorem - Sample Proportion Distribution
The Public Service Student Loan Forgiveness program states that the proportion of
applications rejected for not meeting the 120-month payment period is 56.2%.
1.
If you randomly select 100 loans that were rejected, what is the probability that the
average will be below 60% due to not meeting the 120-month payment period?
А.
If you randomly select 175 loans that were rejected, what is the probability that the
average will be above 50% due to not meeting the 120-month payment period?
В.
If you randomly select 250 loans that were rejected, what is the probability that the
average will be between 53% and 58% due to not meeting the 120-month payment
period?
С.
Transcribed Image Text:Discussion Board 5- Central Limit Theorem - Sample Proportion Distribution The Public Service Student Loan Forgiveness program states that the proportion of applications rejected for not meeting the 120-month payment period is 56.2%. 1. If you randomly select 100 loans that were rejected, what is the probability that the average will be below 60% due to not meeting the 120-month payment period? А. If you randomly select 175 loans that were rejected, what is the probability that the average will be above 50% due to not meeting the 120-month payment period? В. If you randomly select 250 loans that were rejected, what is the probability that the average will be between 53% and 58% due to not meeting the 120-month payment period? С.
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