The average student loan debt for college graduates is $25,950. Suppose that thatdistribution is normal and that the standard deviation is $14,900. Let X = the student loandebt of a randomly selected college graduate. Round all probabilities to 4 decimal places andall 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 instudent loan debt.c. The middle 10% of college graduates' loan debt lies between what two numbers?Low: $High: $

From the provided information, Mean (µ) = $25950 Standard deviation (σ) = $14900

Answered: The average student loan debt for…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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