Last year, the typical college student graduated with $27,200 in debt (The Boston Globe, May 27, 2012).
Question:
a. What is the probability that the average debt of four recent college graduates is more than $25,000?
b. What is the probability that the average debt of four recent college graduates is more than $30,000?
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a b PX 25000 ...View the full answer
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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