Suppose the average annual in state tuition and required fees for a public 4-year institutions follows a Normal distribution with a population mean of $9,529 and population standard deviation of $1765. What is the probability that a randomly selected public 4- year institution cost more than $17,000 in a year?What proportion of public 4- year institution cost between $7500 to $12500 per year?What is the interquartile range of public 4- year institution cost?What cost would place a public 4-year institution into the lowest 10%?.

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Answered: Suppose the average annual in state…

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Suppose the average annual in state tuition and required fees for a public 4-year institutions follows a Normal distribution with a population mean of $9,529 and population standard deviation of $1765.

What is the probability that a randomly selected public 4- year institution cost more than $17,000 in a year?
What proportion of public 4- year institution cost between $7500 to $12500 per year?
What is the interquartile range of public 4- year institution cost?
What cost would place a public 4-year institution into the lowest 10%?.

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