Question: It is known that 15 of all homeowners pay a

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?



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  • CreatedAugust 25, 2015
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