Suppose Canadian home-owners owe an average of $186,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $89,000. Standard Normal Distribution Table a. Albertans are reported to owe $246,800 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $246,800? 0.0000 Round to four decimal places if necessary b. What is the probability of randomly selecting a Canadian with mortgage debt below $99,000? 0.0000 Round to four decimal places if necessary c. Determine the minimum mortgage debt owing by the 19% of Canadians with the largest mortgages. $0 Round to the nearest dollar
Suppose Canadian home-owners owe an average of $186,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $89,000. Standard Normal Distribution Table a. Albertans are reported to owe $246,800 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $246,800? 0.0000 Round to four decimal places if necessary b. What is the probability of randomly selecting a Canadian with mortgage debt below $99,000? 0.0000 Round to four decimal places if necessary c. Determine the minimum mortgage debt owing by the 19% of Canadians with the largest mortgages. $0 Round to the nearest dollar
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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