Question

It is known that 15% of all homeowners pay a monthly mortgage of more than $2500 and that the standard deviation of the monthly mortgage payments of all homeowners is $350. Suppose that the monthly mortgage payments of all homeowners have a normal distribution. What is the mean monthly mortgage paid by all homeowners?


$1.99
Sales0
Views65
Comments0
  • CreatedAugust 25, 2015
  • Files Included
Post your question
5000