5) NerdWallet reported that 76% of adults in a recent year had credit card debt. A...
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5) NerdWallet reported that 76% of adults in a recent year had credit card debt. A random sample of 85 adults is drawn. a (2 pts) Find the mean . b. (2 pts) Find the standard deviation o c. (4 pts) Find the probability that less than 65% of the people in the sample were in debt. d. (4 pts) Find the probability that between 70% and 85% of the people in the sample were in debt. e. (4 pts) Find the probability that more than 75% of the people in the sample were in debt. f. (4 pts) Would it be unusual if less than 60% of the people in the sample were in debt? Page Score 5) NerdWallet reported that 76% of adults in a recent year had credit card debt. A random sample of 85 adults is drawn. a (2 pts) Find the mean . b. (2 pts) Find the standard deviation o c. (4 pts) Find the probability that less than 65% of the people in the sample were in debt. d. (4 pts) Find the probability that between 70% and 85% of the people in the sample were in debt. e. (4 pts) Find the probability that more than 75% of the people in the sample were in debt. f. (4 pts) Would it be unusual if less than 60% of the people in the sample were in debt? Page Score
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Answer rating: 100% (QA)
a The mean p is the proportion of people in the sample who have credit card debt The mean p is 76 b ... View the full answer
Related Book For
Business Statistics For Contemporary Decision Making
ISBN: 978-1118749647
8th edition
Authors: Black Ken
Posted Date:
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