The average credit card debt for college seniors is $3262. If the debt is normally distributed with a standard deviation of $1100, find the percent of seniors who owes at least $1000.
Added by Bethany W.
Step 1
- The parameter is the average debt, which is given as $3262. - The standard deviation is also given as $1100. Show more…
Show all steps
Close
Your feedback will help us improve your experience
James Kiss and 71 other Intro Stats / AP Statistics educators are ready to help you.
Ask a new question
Labs
Want to see this concept in action?
Explore this concept interactively to see how it behaves as you change inputs.
Key Concepts
Recommended Videos
'The average credit card debt for college students is $3262. The debt is normally distributed with a standard deviation S1100. Find the probabilities a. The students owe at least S100O'
Pritesh R.
The average credit card debt for college seniors is $ 3262. If the debt is normally distributed with standard deviation of $1100, find these probabilities (a) That the senior owes at least $ 1000 (b) That the senior owes more than $ 4000 (c) That the senior owes between $ 3000 and $ 4000.
Sri K.
The average credit card debt for college seniors is $3262. If the debt is normally distributed with a standard deviation of $1100, find the probability that the senior owes more than $4000.
Recommended Textbooks
Elementary Statistics a Step by Step Approach
The Practice of Statistics for AP
Introductory Statistics
Transcript
Watch the video solution with this free unlock.
EMAIL
PASSWORD