The average student loan debt for college graduates is $25,350. Suppose that that distribution is normaland that the standard deviation is $10,100. Let X = the student loan debt of a randomly selected collegegraduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar.a. What is the distribution of X? X ~ N(b Find the probability that the college graduate has between $18,350 and $28,150 in student loan debt.

Given,mean(μ)=$25,350standard deviation(σ)=$10,100

Answered: The average student loan debt for…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

See similar textbooks

Similar questions

The average student loan debt for college graduates is $25,050. 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(Correct,Correct) b Find the probability that the college graduate has between $17,600 and $32,450 in student loan debt. c. The middle 30% of college graduates' loan debt lies between what two numbers? Low: $ High: $
The average student loan debt for college graduates is $25,350. Suppose that that distribution is normal and that the standard deviation is $12,200. 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. What is the distribution of X? X ~ N b Find the probability that the college graduate has between $8,950 and $24,350 in student loan debt. c. The middle 10% of college graduates' loan debt lies between what two numbers?
The probability that the Springfield Isotopes will win any given game is 0.3831 based on a 13-year win history. An upcoming monthly schedule contains 21 games. X . Find the probability that the Isotopes win exactly 8 of the 21 games. Find the probability that the Isotopes win more than 12 of the 21 games. Find the mean of the distribution. Find the standard deviation of the distribution.
Private nonprofit four-year colleges charge, on average, $27,088 per year in tuition and fees. The standard deviation is $7,205. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible. a. What is the distribution of X? X - N( b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 26,156 per year. c. Find the 60th percentile for this distribution. S (Round to the nearest dollar.)
Asset A will generate a 20% return with probability 0.25; a 15% return with probability 0.50; and a -15% return with probability 0.25. The standard deviation of the return on Asset A is %. Write your answer as a percentage, rounded to 2 decimal places. Example: if the answer is 10.3478%, then write "10.35". Do not type the % sign in your answer.
Suppose that, for a certain mathematics class, the scores are normally distributed with a mean of 75 and a standard deviation of 7. The teacher wishes to give A's to the top 6% of the students and F's to the bottom 6%. The next 16% in either direction will be given B's and D's, with the other students receiving C's.What is the cumulative distribution? Grade Percent Cumulative A 6% % B 16% % C % % D 16% % F 6% %
The average student loan debt for college graduates is $25,600. Suppose that that distribution is normal and that the standard deviation is $11,400. 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.b Find the probability that the college graduate has between $13,550 and $33,450 in student loan debt. c. The middle 10% of college graduates' loan debt lies between what two numbers? Low: $ High: $
Private nonprofit four-year colleges charge, on average, $27,363 per year in tuition and fees. The standard deviation is $6,865. Assume the distribution is normal. Let X be the cost for a randomly selected college. Round all answers to 4 decimal places where possible.b. Find the probability that a randomly selected Private nonprofit four-year college will cost less than 25,876 per year. ________ - 0.4129 is wrongc. Find the 68th percentile for this distribution. $ _______ (Round to the nearest dollar.) - 30573.752 is wrong
The average amount of money spent for lunch per person in the college cafeteria is $6.96 and the standard deviation is $2.49. Suppose that 7 randomly selected lunch patrons are observed. Assume the distribution of money spent is normal, and round all answers to 4 decimal places where possible. a. What is the distribution of X? X - N b. What is the distribution of ? ī - N( c. For a single randomly selected lunch patron, find the probability that this patron's lunch cost is between $5.8484 and $6.599. d. For the group of 7 patrons, find the probability that the average lunch cost is between $5.8484 and $6.599. e. For part d), is the assumption that the distribution is normal necessary? O NoO Yes
The average student loan debt for college graduates is $25,950. Suppose that that distribution is normal and that the standard deviation is $14,900. 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( b Find the probability that the college graduate has between $29,350 and $41,850 in student loan debt. c. The middle 10% of college graduates' loan debt lies between what two numbers? Low: $ High: $
The average annual salary for all U.S. teachers is $47,750 . Assume that the distribution is normal and the standard deviation is $5680 . Find these probabilities of the earnings of a teacher selected randomly. Round the final answers to at least four decimal places and intermediate z value calculations to two decimal places. Between $29,100 and $45,600 a year
If x=26,412 tuition per a four year and n=7,498 is standard deviation. Assuming the distribution is normal. Find the probability that a random nonprofit four year college will cost less than 28,604 per year. And find the 70th percentile for this distribution

SEE MORE QUESTIONS

Recommended textbooks for you

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

MATLAB: An Introduction with Applications

Statistics

ISBN:

9781119256830

Author:

Amos Gilat

Publisher:

John Wiley & Sons Inc

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

ISBN:

9781305504912

Author:

Frederick J Gravetter, Larry B. Wallnau

Publisher:

Cengage Learning

Elementary Statistics: Picturing the World (7th E…

Statistics

ISBN:

9780134683416

Author:

Ron Larson, Betsy Farber

Publisher:

PEARSON

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

Statistics

ISBN:

9781319013387

Author:

David S. Moore, George P. McCabe, Bruce A. Craig

Publisher:

W. H. Freeman

SEE MORE TEXTBOOKS