Suppose the average credit card debt of Canadian households is normally distributed with a mean of $2,400

Question:

Suppose the average credit card debt of Canadian households is normally distributed with a mean of $2,400 and a standard deviation of $756.
a. What proportion of credit card debt is less than $1,000?
b. What proportion of credit card debt is more than $1,500?
c. 75% of credit card debt is more than what amount?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Question Posted: