Question: Consider the following frequency distribution. Construct a cumulative frequency distribution. More than 40 milion Americans are estimated to have at least one outstanding student loan

Consider the following frequency distribution. Construct a cumulative frequency distribution. More than 40 milion Americans are estimated to have at least one outstanding student loan to help pay coliege expenses ("40 Million Americans Now Hire Student Loan Debt,", CVN Goney, September 2014). Not all of these graduates pay back their debt in satisfactory fashion. Suppose that the foliowing joint arobability table shows the probabilies of student loan status and whether or not the student hsd recelved a college degree. If noeded, round your answers to three decimal digits. (a) What is the probbbility that a student with a student loan had received a college degree? (b) What is the probabisty that a student with a student loan had not received a coliege degree? (c) Given that the student has recelved a college degree, what is the probability that the student has a delinquent loan? (d) Given that the student has not recelved a college degree, what is the probabity that the student has a delincuent loan? (e) What is the impact of dropping out of college without a degree for students who have a student loan? s college degree will lesd to a gremter probobility of struggling to paybock the student loan and will likely lesd to financial problems in the future
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