Asked by dee
a survey of 20 colleges found that seniors graduated with an average $12000 in debt from student loans. The debt was normally distributed with a standard deviation of $3200. Find the probability that a senior graduated owing more than $16000.
Answers
Answered by
Scott
16000 is 4000 above the average
4000/3200 = 1.2 sd
use a z-score table to find the probability
4000/3200 = 1.2 sd
use a z-score table to find the probability
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