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.
STATISTICS & PROBABILITY Direction: Solve the following problems. Round off your answer to two decimal places. Use the percentage form and include the percentage symbol (%) The length of time needed to do a particular activity is normally distributed with a mean of 2 hours and a standard deviation of 1.25 hours. What is the probability that a randomly selected student will spend 3.5 hours in doing the activity? The monthly food expenditure of a single person is 3000Php on average with a standard deviation of 300Php. Assuming that the monthly food expenditure is normally distributed, what percentage of these expenditures are between 2400Php and 4000Php? Find the area to the right of z = 1.37 Select one: A. 8.53% B. 43.45% C. 31.76% D. 47.88% Find the area between z = 0.46 and z = 2.56 Select one: A. 43.45% B. 31.76% C. 30.15% D. 97.98% Find the area between z = 0 and z = -2.03 Select one: A. 43.45% B. 47.88% C. 8.53% D. 31.76% Find the area to the left…
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pls help! write the complete soluions. write the complete solutions and legibly. upvote will be given! Statistics and Probability A researcher claims that the average salary of teachers is less than P18000. A sample of 15 teachers has a mean salary of P15800. At 0.01, test the claim that the teachers earn less than P18000 a month. The standard deviation is P3500. Determine the following: Step a: State the hypotheses Step b: level of significance (a=?) Step c: test statistic Step d: critical value Step e: Decision
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?
time series,statistic
Need help solving Part C and Part E please label each.
If an asset declines in value from 5,000 USD to 3,500 USD over nine years, what is the mean annual growth rate in the asset's value over these nine years? Round your answer to four decimal places and enter negative value as negative figure. Answer in percent.
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…

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