The average credit card debt for college seniors is $3290. The debt has a normal distribution with a standard deviation of $1125. Open an empty Excel file on your computer to show your use of Excel Functions. Based on the given information above, answer the following questions: (Round to 5 decimal places). What is the probability that a college senior owes less than $4625? ________ What is the probability that a college senior owes more than 4625? ________ What is the probability that a college senior owes between 3150 and 3900?________
The average credit card debt for college seniors is $3290. The debt has a normal distribution with a standard deviation of $1125. Open an empty Excel file on your computer to show your use of Excel Functions. Based on the given information above, answer the following questions: (Round to 5 decimal places). What is the probability that a college senior owes less than $4625? ________ What is the probability that a college senior owes more than 4625? ________ What is the probability that a college senior owes between 3150 and 3900?________
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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The average credit card debt for college seniors is $3290.
The debt has a normal distribution with a standard deviation of $1125.
Open an empty Excel file on your computer to show your use of Excel
Based on the given information above, answer the following questions: (Round to 5 decimal places).
- What is the
probability that a college senior owes less than $4625? ________
- What is the probability that a college senior owes more than 4625? ________
- What is the probability that a college senior owes between 3150 and 3900?________
- What is the 70th percentile for credit card debt for college seniors? In other words, find the value for the credit card debt for college seniors that separates the smallest 70% of values for college debt. ___________
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