Suppose Canadian home-owners owe an average of $196,000 on their mortgages.Assume that mortgage debt is normally distributed in Canada with a standard deviationof $94,000.Standard Normal Distribution Tablea. Albertans are reported to owe $242,200 in mortgage debt, much higher than theCanadian average. What is the probability of randomly selecting a Canadian withmortgage debt that exceeds $242,200?Round to four decimal places if necessarySAMSUNGSUBMIT QUESTIONSAVE PROGRESS>SUBMIT ASSICRAHSG ENG b. What is the probability of randomly selecting a Canadian with mortgage debt below$102,000?Round to four decimal places if necessaryc. Determine the minimum mortgage debt owing by the 25% of Canadians with thelargest mortgages.Round to the nearest dollarSAMSUNGSUBMIT QUESTIONSAVE PROGRESSSUBMIT ASENG

Answered: Image /qna-images/answer/96255a4e-8e40-499f-8170-33262299bd6f.jpg

Answered: Suppose Canadian home-owners owe an…

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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SAT exam math scores are normally distributed with mean 523 and standard deviation 89. Give the probability a test taker will score between a 500 and 600 on the math portion of the SAT. round to four decimal places.
1- Assume that the mean hourly cost to operate a commercial airplane follows a normal distribution with a mean of $2100 per hour and a standard deviation of $250. Determine the lowest 6% of the operating cost.
An air condition company will spend an average of 64 minutes with a standard deviation of 19 minutes on a service call. Based on this, and assuming a normal distribution, 5% of service calls will take more than how much time to complete? Approximately 66.29 minutes O Approximately 32.75 minutes O Approximately 39.41 minutes O Approximately 95.25 minutes O Approximately 77.23 minutes
A criminologist rode along with patrol officers for several weeks and recorded the number of minutes police officers spent interviewing witness at a variety of crime scenes. Using data collected on a group of 35 patrol officers, she observes an average interviewing time of 307 minutes. Assume that the population standard deviation a is estimated to be 83 minutes. What is the point estimate for the population mean, p? minutes Submit Question
What is the probability that a buyer paid less than $685?What is the probability that a buyer paid between $895 and $1105?What is the probability that a buyer paid less than $790?
The SAT and ACT college entrance exam are taken by thousands of students each year. The mathematics portions of each of these exams produce scores that are approximately normally distributed. In recent years, SAT mathematics exam scores have averaged 480 with standard deviation 100. The average and standard deviation for ACT mathematics scores are 18 and 6, respectively. a. An engineering school sets 550 as the minimum SAT math score for new students. What percentage of students will score below 550 in a typical year? b. What score should the engineering school set as a comparable standard on the ACT math test?
Approximately 10% of people in the U.S. earn an income of $200,000 per year or higher. If income were normally distributed, and the mean income is $40,000 per year, what is the standard deviation of income in the U.S.? (Note. these figures are not accurate.)
z Scores LeBron James, one of the most successful basketball players of all time, has a height of 6 feet 8 inches, or 203 cm. Based on statistics from Data Set 1 “Body Data” in Appendix B, his height converts to the z score of 4.07. How many standard deviations is his height above the mean?
The Internal Revenue Service reports that the mean federal income tax paid in the year 2010 was $8040. Assume that the standard deviation is $4900. The IRS plans to draw a sample of 1000 tax returns to study the effect of a new tax law. Do you think it would be unusual for an individual to pay a tax of less than $7800? Explain. Assume the variable is normally distributed. Round the answer to at least four decimal places.
Answer this please
According to a recent survey, the salaries of assistant professors have a mean of $41,700and a standard deviation of $5350. Assuming that the salaries of assistant professors follow a normal distribution, find the proportion of assistant professors who earn more than $43,000. Round your answer to at least four decimal places.

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