For the most recent year available, the mean annual cost to attend a private university in the

Question:

For the most recent year available, the mean annual cost to attend a private university in the United States was $42,224. Assume the distribution of annual costs follows the normal probability distribution and the standard deviation is $4,500. Ninety-five percent of all students at private universities pay less than what amount?

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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