Monthly Mortgage Payments The average monthly mortgage payment including principal and interest is $982 in the United States. Assume that the standarddeviation is approximately $180 and the mortgage payments are approximately normally distributed. Find these probabilities of the monthly payment selectedrandomly. Enter the final answers as decimals rounded to at least four places. Round intermediate -value calculations to two decimal places.Part 1 of 2(a) More than $1500P(X>1500)-0.0023Part: 1/2Part 2 of 2(b) Between $850 and $1180P(850

To find the probability P(850 < X < 1180), where X represents the monthly mortgage payment, we…

Answered: Monthly Mortgage Payments The average…

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Monthly Mortgage Payments The average monthly mortgage payment including principal and interest is $982 in the United States. If the standard deviation is approximately $180 and the mortgage payments are approximately normally distributed, find the probabilities. Use a TI-83 Plus/TI-84 Plus calculator and round the answers to at least four decimal places. Part 1 of 2 (a) The selected monthly payment is more than $1175. P(X>1175) = 0.1418 Part: 1/2 Part 2 of 2 (b) The selected monthly payment is between $700 and $1000. P(700
Fill in the blanks in the following table. Round your answers to 2 decimal places.
Help with part 2
Solve for the y-intercept of the trend line that passes through the data set. Show your work and explain the steps you used to solve. Round your answer to the nearest hundredth.
Suppose that a firm's sales were $3,750,000 five years ago and are $5,250,000 today. What was the geometric mean growth rate in sales over the past five years?
Need help solving Part C and Part E please label each.
Itemized Charitable Contributions The average charitable contribution itemized per income tax return in Pennsylvania is $792. Suppose that the distribution of contributions is normal with a standard deviation of $105. Find the limits for the middle 42% of contributions. Use a graphing calculator and round the answers to two decimal places. The limits for the middle 42% of contributions are $ and $ %24
IQ tests supposedly measure our intelligence. They typically are ‘normed’ so that they have a mean of 100 and a standard deviation of 15. (Higher scores show higher intelligence.) Use the graph and use the z-score and percents from columns b and c in Table A, when relevant. If you scored 132, what is your z-score? (Interpret.) Use table A X, z(a), (b), and (c) X z (a) (b) (c) and use the graph! Write down or save your response to use in Part 2 of this quiz. Group of answer choices -2.53 z. I'm at the 98.34 percentile rank and 1.66% of people scored smarter than me. 2.13 z. I'm at the 98.34 percentile rank and 1.66% of people scored smarter than me. -2.13 z. I'm at the 1.66 percentile rank and 98.34% of people scored smarter than me. 2.53 z. I'm at the 0.57 percentile rank and 99.43% of people scored smarter than me. 2.13 z. I'm at the 1.66 percentile rank and 98.34% of people scored smarter than me. 2.53 z. I'm at the 99.43 percentile rank…
Assume that the readings on the thermometers are normally distributed with a mean of 0° and standard deviation of 1.00°C. A thermometer is randomly selected and tested. Draw a sketch and find the temperature reading corresponding to P34, the 84th percentile. This is the temperature reading separating the bottom 84% from the top 16%. Click to view page 1 of the table. Click to view page 2 of the table. Which graph represents P ? Choose the correct graph below. 84 A. В. OC. D. Ay X The temperature for P84 is approximately (Round to two decimal places as needed.)
The rent for tenants in a building in 1940 was $30 per month. The landlord changes the rent based on the CPI-U. Use the CPI-U chart below to calculate the current rent in 2019. Round to the nearest dollar. Year CPI-U 1940 14.0 1949 23.8 1983 99.6 2000 172.2 2005 195.3 2009 214.5 2014 236.0 2017 245.1 2019 255.7 2020 258.8

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