The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the standard deviation is $10,200. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a. Find the probability that the college graduate has between $19,050 and $29,250 in student loan debt. b. The middle 30% of college graduates' loan debt lies between
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the standard deviation is $10,200. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar.
a. Find the probability that the college graduate has between $19,050 and $29,250 in student loan debt.
b. The middle 30% of college graduates' loan debt lies between what two numbers?
Low: $
High: $
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