The Institute for College Access and Success reported that 67% of college students in 2008graduated with student loan debt. A random sample of 85 graduates is drawn.a) Find the mean of the sampling distribution.b) Find the standard deviation of the sampling distribution.c) Find the probability that less than 60% of the people in the sample were in debt.d) Find the probability that more than 75% of the people in the sample were in debt.

The sample given is,n=85. It is also given that 67% of college students graduated with student loan…

Answered: The Institute for College Access and…

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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