The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the standard deviation is $10,900. 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. What is the distribution of X? X N 25000 10900 OF b Find the probability that the college graduate has between $22,750 and $36,450 in student loan debt. 0.4351 ✓ OB c. The middle 20% of college graduates' loan debt lies between what two numbers? Low: $22239.03 X High: $27760.97 X

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

Only need C

The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and
that the standard deviation is $10,900. 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. What is the distribution of X? X - N 25000
10900
OF OF
b Find the probability that the college graduate has between $22,750 and $36,450 in student loan debt.
0.4351
c. The middle 20% of college graduates' loan debt lies between what two numbers?
Low: $ 22239.03 X
High: $ 27760.97 X
Transcribed Image Text:The average student loan debt for college graduates is $25,000. Suppose that that distribution is normal and that the standard deviation is $10,900. 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. What is the distribution of X? X - N 25000 10900 OF OF b Find the probability that the college graduate has between $22,750 and $36,450 in student loan debt. 0.4351 c. The middle 20% of college graduates' loan debt lies between what two numbers? Low: $ 22239.03 X High: $ 27760.97 X
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman