According to Student Monitor, a New Jersey research firm, the average cumulated college student loan debt for a graduating senior is $25,760.Assume that the standard deviation of such student loan debt is $5,684.Thirty percent of these graduating seniors owe more than what amount?
Answer to relevant QuestionsConvert the following binomial distribution problems to normal distribution problems. Use the correction for continuity.a. P(x ≤ 16 | n = 30 and p = .70)b. P (10 < x ≤ 20) | n = 25 and p = .50)c. P (x = 22 | n = 40 and p ...According to the Yankee Group, 53% of all cable households rate cable companies as good or excellent in quality transmission. Sixty percent of all cable households rate cable companies as good or excellent in having ...A busy restaurant determined that between 6:30 P.M. and 9:00 P.M. on Friday nights, the arrivals of customers are Poisson distributed with an average arrival rate of 2.44 per minute.a. What is the probability that at least ...Find the probabilities for the following exponential distribution problems.a. P(x ≥ 3 | λ = 1.3)b. P(x < 2 | λ = 2.0)c. P(1 ≤ x 3 | λ = 1.65)d. P(x > 2 | λ = .405)According to The Wirthlin Report, 24% of all workers say that their job is very stressful.If60 workers are randomly selected:a. What is the probability that 17 or more say that their job is very stressful?b. What is the ...
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