6. Monthly Mortgage Payments The average monthly mortgage payment including principal and interest is $982 in the United States. If the standard deviation is approximately $180 and the mortgage payments are approximately normally distributed, find the probability that a randomly selected monthly payment is

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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6. Monthly Mortgage Payments The average monthly
mortgage payment including principal and interest is
$982 in the United States. If the standard deviation is
approximately $180 and the mortgage payments are
approximately normally distributed, find the probability
that a randomly selected monthly payment is
а.
More than $1000
b. More than $1475
с.
Between $800 and $1150
Transcribed Image Text:6. Monthly Mortgage Payments The average monthly mortgage payment including principal and interest is $982 in the United States. If the standard deviation is approximately $180 and the mortgage payments are approximately normally distributed, find the probability that a randomly selected monthly payment is а. More than $1000 b. More than $1475 с. Between $800 and $1150
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