$ŠŤSuppose that the outstanding credit card balance of a randomly selected young man has an unknowndistribution with a mean of 600 dollars and a standard deviation of 148.8 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 parameters μ and o:X2. Use the Central Limit TheoremSelect an answerSelect an answer ✓ (μ=and find the probability that the outstanding credit card balance for a randomly selected young man is lessthan 223 dollars.o =(Round the answer to 4 decimal places)to describe the probability distribution of X and state its parameters µ and σ: (Round the answers to1 decimal place)X Select an answer (μX =₂0x =and find the probability that the average outstanding credit card balance for a sample of 33 randomlyselected young men is between 587 and 606 dollars.(Round the answer to 4 decimal places)

Given,sample size(n)=33mean(μ)=600standard deviation(σ)=148.8

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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