Suppose that the outstanding credit card balance of a randomly selected young man has a normaldistribution with a mean of 610 dollars and a standard deviation of 118.6 dollars. Let X be the outstandingcredit card balance for a randomly selected young man and let X be the average outstanding credit cardbalance for a random sample of size 33.1. Describe the probability distribution of X and state its parametersand o:X~ Select an answer (=and find the probability that the outstanding credit card balance for a randomly selected young man is lessthan 781 dollars.σ=(Round the answer to 4 decimal places)2. Use the Central Limit TheoremSelect an answerto describe the probability distribution of X and state its parameters and ox: (Round the answers to 1decimal place)X~ Select an answer (x=and find the probability that the average outstanding credit card balance for a sample of 33 randomlyselected young men is less than 660 dollars.ox=(Round the answer to 4 decimal places)

Answered: Image /qna-images/answer/326e021e-5790-454c-ad49-15f3a4caf25a.jpg

Answered: Suppose that the outstanding credit…

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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