The Public Service Student Loan Forgiveness program states that the average amount of student loan forgiven in 2020 is $75,090 with a standard deviation of $13,214. If you randomly select 36 loans that were forgiven, what is the probability that the average will be above $72,000? If you randomly select 75 loans that were forgiven, what is the probability that the average will be below $77,500? If you randomly select 130 loans that were forgiven, what is the probability that the average will be between $74,000 and $76,500?
The Public Service Student Loan Forgiveness program states that the average amount of student loan forgiven in 2020 is $75,090 with a standard deviation of $13,214. If you randomly select 36 loans that were forgiven, what is the probability that the average will be above $72,000? If you randomly select 75 loans that were forgiven, what is the probability that the average will be below $77,500? If you randomly select 130 loans that were forgiven, what is the probability that the average will be between $74,000 and $76,500?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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![The Public Service Student Loan Forgiveness program states that the average amount of student loan forgiven in 2020 is $75,090 with a standard deviation of $13,214.
If you randomly select 36 loans that were forgiven, what is the probability that the average will be above $72,000?
If you randomly select 75 loans that were forgiven, what is the probability that the average will be below $77,500?
If you randomly select 130 loans that were forgiven, what is the probability that the average will be between $74,000 and $76,500?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fca1b6f49-1086-4e6b-bb65-182409dbc6fd%2F91e10117-b218-4cf0-a013-93e7d278e9c4%2Flk74m5o_processed.jpeg&w=3840&q=75)
Transcribed Image Text:The Public Service Student Loan Forgiveness program states that the average amount of student loan forgiven in 2020 is $75,090 with a standard deviation of $13,214.
If you randomly select 36 loans that were forgiven, what is the probability that the average will be above $72,000?
If you randomly select 75 loans that were forgiven, what is the probability that the average will be below $77,500?
If you randomly select 130 loans that were forgiven, what is the probability that the average will be between $74,000 and $76,500?
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