MATLAB: An Introduction with Applications
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The average student loan debt for college graduates is $25,600. Suppose that that distribution is normal and that the standard deviation is $12,750. 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 $10,000 and $19,350 in student loan debt.
c. The middle 10% of college graduates' loan debt lies between what two numbers?
Low: $
High: $
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