Mathematics, 13.05.2021 21:30 darrengresham999
A report published by the Federal Reserve Bank of New York in 2012 reported the results of a nationwide study of college student debt. Researchers found that the average student loan balance per borrower is $23,300. They also reported that about one-quarter of borrowers owe more than $28,000. Assuming that the distribution of student loan balances is approximately normal.
Requird:
Estimate the proportion of borrowers who owe more than 54,000.
Answers: 3
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