The NCAA estimates that the yearly value of a full athletic scholarship at instate public universities is $19,000. Assume the scholarship value is normally distributed with a standard deviation of $2,100
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The mean (μ) of the scholarship value is $19,000, and the standard deviation (σ) is $2,100. Show more…
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The NCAA estimates that the yearly value of a full athletic scholarship at in-state public universities is $19,000 (The Wall Street Journal, March 12, 2012). Assume the scholarship value is normally distributed with a standard deviation of $2,100. a. For the 10% of athletic scholarships of least value, how much are they worth? b. What percentage of athletic scholarships are valued at $22,000 or more? c. For the 3% of athletic scholarships that are most valuable, how much are they worth? d. What is the percentage of athletic scholarships that are valued within $3,000 of the estimated yearly value of a full athletic scholarship at in-state public universities.
Adi S.
NCAA Scholarships. The NCAA estimates that the yearly value of a full athletic scholarship at in-state public universities is $\$ 19,000$ (The Wall Street Journal). Assume the scholarship value is normally distributed with a standard deviation of $\$ 2,100$. a. For the $10 \%$ of athletic scholarships of least value, how much are they worth? b. What percentage of athletic scholarships are valued at $\$ 22,000$ or more? c. For the $3 \%$ of athletic scholarships that are most valuable, how much are they worth?
NCAA Scholarships: The NCAA estimates that the mean yearly value of a full athletic scholarship at in-state public universities is $19,000. Assume the scholarship value is normally distributed with a standard deviation of $2100. For the 10% of athletic scholarships of least value, how much are they worth? What percentage of athletic scholarships are valued at $22,000 or more? What is the probability than an athletic scholarship chosen at random is between $17,500 and $22,000?
Qudsiya A.
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