Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

For borrowers with the good credit score, the mean debt for revolving and installment accounts is $15,015 (Business Week, March 20, 2006). Suppose the standard deviation is $3540 and that debt amounts are normally distributed.

a. Find out the probability that the debt for a randomly selected borrower with the good credit is more than $18,000?

b. Find out the probability that the debt for a randomly selected borrower with good credit is less than $10,000?

c. Find out the probability that the debt for a randomly selected borrower with good credit is between $12,000 and $18,000?

d. Find out the probability that the debt for a randomly selected borrower with good credit is mo more than $14,000?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M916729

Have any Question? 


Related Questions in Statistics and Probability

Electronic mail game let lgtmgt 0 be two positive real

Electronic Mail game Let L>M> 0 be two positive real numbers. Two players play a game in which the payoff function is one of the following two, depending on the value of the state of nature s, which may be 1 or 2: The pr ...

Consider a repeated game with standard information where

Consider a repeated game with standard information, where each player maximizes his expected 8-discounted average payoff, for some 8 that is close to but less than 1. Payoffs at each round depend on the players' moves as ...

It is estimated 30 of all adults in united states invest in

It is estimated 30% of all adults in United States invest in stocks and that 88% of U.S. adults have investments in fixed income instruments (savings accounts, bonds, etc.). It is also estimated that 25% of U.S. adults h ...

1 suppose the mean test scores for a college enter exam is

1) Suppose the mean test scores for a college enter exam is normally distributed with mean = 78 and standard deviation = 12. a). If an individual student is selected at random, what is the probability that this student's ...

Designing and writing a report on a statistical study of

Designing and Writing a Report on a Statistical Study of Your Own Select a question of your own to investigate using one of the hypothesis tests studied in this class.  Explain why you chose the particular question to in ...

1 how can partial correlation help researchers explore

1. How can partial correlation help researchers explore possible causal relationships among correlated variables? 2. When is the Spearman rank-order correlation used? 3. What is a dichotomous variable? What correlations ...

1 consider the circumstances under which a

1. Consider the circumstances under which a repeated-measures experimental research design, rather than a between-participants experimental design, might be more or less appropriate. 2. Explain what counterbalancing refe ...

Suppose a new student honors societynbspalpha alpha

Suppose a new student honors society, Alpha Alpha Alpha, is going to start at Harvard. Alpha Alpha Alpha aims to be exclusive and only wants the best students.Currently, there are about 10,000 students enrolled at Harvar ...

1 the independent variable was whether the applicant

1. The independent variable was whether the applicant appeared to have a disability. 2. The dependent variables were participants' ratings of the applicant (such as ratings of how qualified the applicant was, how much th ...

A spinoff of the anti-war and civil rights movements of the

A spinoff of the anti-war and civil rights movements of the 1960s that affected women was? increased desire to return to the security of homes and families decreased political involvement. the birth of the women's libera ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro