For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015....
For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015. Assume the standard deviation is $3,540 and that debt amounts are normally distributed.
- What is the probability that the debt for a borrower with good credit is more than $18,000?
- What is the probability that the debt for a borrower with good credit is less than $10,000?
- What is the probability that the debt for a borrower with good credit is between $12,000 and $18,000?
- What is the probability that the debt for a borrower with good credit is no more than $14,000?
USING EXCEL
Homework Answers
Add Answer to:
For borrowers with good credit scores, the mean debt for
revolving and installment accounts is $15,015....
For borrowers with good aredit scores, the mean debt for revalving and installment accounts is $15,015...
For borrowers with good aredit scores, the mean debt for revalving and installment accounts is $15,015 (BusinessWeek, March 20, 2006). Assume the standard deviation is $3,540 and that debk amounts are narmaly distributed. a, what is the probaity that the debt for a randomly seleted borrower with good credit is more than $18,000 (to 4dednaMP b. What is the probablity that the debt for a randomly selected borrower with good credit is less than $10,000 (to 4 decimals)? e what...
15) Assume that z scores are normally distributed with a mean of 0 and a standard...
15) Assume that z scores are normally distributed with a mean of 0 and a standard deviation 15) of 1. If P(z> c) 0.109, find c. olve the problem. 16) 16) Scores on an English test are normally distributed with a mean of 37.4 and a standard deviation of 7.9. Find the score that separates the top 59% from the bottom 41% 17) Suppose that replacement times for washing machines are normally distributed with a 17) mean of 10.9 years...
Intelligence quotient (IQ) scores are often reported to be normally distributed with a mean of 100...
Intelligence quotient (IQ) scores are often reported to be normally distributed with a mean of 100 and a standard deviation of 15. (a) If a random sample of 50 people is taken, what is the probability that their mean IQ score will be less than 95? (b) If a random sample of 50 people is taken, what is the probability that their mean IQ score will be more than 95? (c) If a random sample of 50 people is taken,...
The IQ scores of adults are normally distributed with a mean of 100 and a standard...
The IQ scores of adults are normally distributed with a mean of 100 and a standard deviation of 15. What is the probability that the mean IQ score in a random sample of 50 adults will be more than 95?
Assume that all SAT scores are normally distributed with a mean µ = 1518 and a...
Assume that all SAT scores are normally distributed with a mean µ = 1518 and a standard deviation σ = 325. If 100 SAT scores (n = 100) are randomly selected, find the probability that the scores will have an average less than 1500. TIP: Make the appropriate z-score conversion 1st, and then use Table A-2 (Table V) to find the answer. Assume that all SAT scores are normally distributed with a mean µ = 1518 and a standard deviation...
The final exam scores in a business class were normally distributed with a mean of 80.5%...
The final exam scores in a business class were normally distributed with a mean of 80.5% and a standard deviation of 4. Find the probability that a randomly selected student scored less than 73.9%.
Scores on a certain test were normally distributed with a mean of 80 and a standard...
Scores on a certain test were normally distributed with a mean of 80 and a standard deviation of ± 12. What is the probability that a given student got a score more than 80? Your answer should be correct to four decimal places.
1. If bone density test scores are normally distributed with a mean of 0 and a...
1. If bone density test scores are normally distributed with a mean of 0 and a standard deviation of 1, what fraction of bone density scores are greater than 1.3? a.) .108 b.) .221 c.) .070 d.) .097 2.) Assume bone density test scores are normally distributed with a mean of 0 and a standard deviation of 1. If a bone density score is chosen at random, what is the probability that it is greater than 1.3? a.) .070 b.)...
IV. Assume that IQ scores are normally distributed, with a mean of 100 and standard deviation...
IV. Assume that IQ scores are normally distributed, with a mean of 100 and standard deviation of 15. What is the probability that a randomly selected person has an IQ score a greater than 120? b. less than 902 c. between 90 and 120? d. between 105 and 120?
assume that adults have IQ scores that are normally distributed with a mean of 100 and a standard deviation of 20
assume that adults have IQ scores that are normally distributed with a mean of 100 and a standard deviation of 20. find the probability that a randomly selected adult has an IQ less than 20.
For borrowers with good aredit scores, the mean debt for revalving and installment accounts is $15,015 (BusinessWeek, March 20, 2006). Assume the standard deviation is $3,540 and that debk amounts are narmaly distributed. a, what is the probaity that the debt for a randomly seleted borrower with good credit is more than $18,000 (to 4dednaMP b. What is the probablity that the debt for a randomly selected borrower with good credit is less than $10,000 (to 4 decimals)? e what...
15) Assume that z scores are normally distributed with a mean of 0 and a standard deviation 15) of 1. If P(z> c) 0.109, find c. olve the problem. 16) 16) Scores on an English test are normally distributed with a mean of 37.4 and a standard deviation of 7.9. Find the score that separates the top 59% from the bottom 41% 17) Suppose that replacement times for washing machines are normally distributed with a 17) mean of 10.9 years...
IV. Assume that IQ scores are normally distributed, with a mean of 100 and standard deviation of 15. What is the probability that a randomly selected person has an IQ score a greater than 120? b. less than 902 c. between 90 and 120? d. between 105 and 120?
Most questions answered within 3 hours.
-
(CO 2) A field can be added to a report to
values for two or more...
asked 32 minutes ago -
Identify 3 research scenarios that might provide a low,
medium, and high degree of variability in...
asked 55 minutes ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 1 hour ago -
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 1 hour ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 2 hours ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 3 hours ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 3 hours ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 4 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 4 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 3 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 4 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 4 hours ago