The average student loan debt for college graduates is $26,000. Suppose that that distribution is normal and that the standard deviation is $12,950. 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 $11,800 and $31,200 in student loan debt.    c.  The middle 30% of college graduates' loan debt lies between what two numbers?      Low: $      High: $

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.