The average student loan debt for college graduates is $25,300. Suppose that that distribution is normal and that the standard deviation is $11,500. Let X = the student loan debt of a randomly selected college graduate. Round all probabilities to 4 decimal places and all dollar answers to the nearest dollar. a.  What is the distribution of X? X ~ N(Correct,Correct) b   Find the probability that the college graduate has between $22,050 and $31,400 in student loan debt. Correct c.  The middle 20% of college graduates' loan debt lies between what two numbers?      Low: $      High: $

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Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.