Find probabilities that the senior owes a given value

Assignment Help Basic Statistics

Reference no: EM13132974

The average credit card debt for college seniors is $3,262. If the debt is normally distributed with a standard deviation of $400, find these probabilities.

a) that the senior owes at least $1,000

b) that the senior owes more than $4,000

c) that the senior owes between $3,000 and $4,000

Reference no: EM13132974

Questions Cloud

Create a graph to display the distribution of doctors : Make a graph to display the distribution of doctors per 100,000 people.Write a brief description of the distribution.Are there any outliers?If so, can you explain them.

What is the phase composition and temperature : Consider an insulated system containing 150 g of liquid water and 150 g of ice at equilibrium under atmospheric pressure. A total of 22 g of steam at 120±C is admitted to the system.

Life-changing event in your life : Briefly write me an essay about an important or life-changing event in your life or about how you live any of your core values.

Labor hours to activity-based costing : R-Ball is considering switching from one overhead rate based on labor hours to activity-based costing. Total overhead costs assigned to deluxe racquets, using a single overhead rate, are

Find probabilities that the senior owes a given value : The average credit card debt for college seniors is $3,262. If the debt is normally distributed with a standard deviation of $400, find probabilities. that the senior owes at least $1,000

Calculate the number of moles of mg(l) produced : If 8686 C of charge is passed through molten magnesium chloride, calculate the number of moles of Mg(l) produced

Aldo leopold''s land ethic : Read Aldo leopold's land ethic and evalute its based on what argurment is and the author's position and support for thr argument. In yout own words.

Compute the return on stockholder equity ratio : Oslo Corporation decided to issue common stock and used the $400,000 proceeds to retire all of its outstanding bonds on January 1, 2010. The following information is available for the company for 2009 and 2010.

Roi for mip based on original estimates : Cost estimates and operating income projections $140 million. Annual operating income is expected to be approximately $25 million

User Account

All Pages