Student loans: The Institute for College Access and Success reported that 65% of college students in a recent year graduated with student loan debt. Arandom sample of 85 graduates is drawn. Use Cumulative Normal Distribution Table as needed. Round your answers to at least four decimal places ifnecessary.Part 1 of 6(a) Find the mean μ^.рThe mean μ is .65рPart 2 of 6X(b) Find the standard deviation o^.PThe standard deviation o^ is .0517PŚ×Ś00011.9 (c) Find the probability that less than 57% of the people in the sample were in debt.The probability that less than 57% of the people in the sample were in debt is .0610Part 4 of 6(d) Find the probability that between 60% and 75% of the people in the sample were in debt.The probability that between 60% and 75% of the people in the sample were in debt isPart 5 of 6(e) Find the probability that more than 72% of the people in the sample were in debt.The probability that more than 72% of the people in the sample were in debt isPart 6 of 6××XŚ(f) Would it be unusual if less than 56% of people in the sample were in debt?It (Choose one) be unusual if less than 56% of the people in the sample were in debt, since the probability isŚX

percentage that the institute for college Access and Success=65%p=0.65sample size(n)=85

Answered: Student loans: The Institute for…

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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