q1- For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015 (BusinessWeek, March 20, 2006). Assume the standard deviation is $3540 and that debt amounts are normally distributed. What is the probability that the debt for a borrower with good credit is less than $10,000? q2- Television viewing reached a new high when the Nielson Company reported a mean daily viewing time of 7.89 hours per household. Use a normal probability distribution
q1- For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015 (BusinessWeek, March 20, 2006). Assume the standard deviation is $3540 and that debt amounts are normally distributed. What is the probability that the debt for a borrower with good credit is less than $10,000? q2- Television viewing reached a new high when the Nielson Company reported a mean daily viewing time of 7.89 hours per household. Use a normal probability distribution
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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q1-
For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015 (BusinessWeek, March 20, 2006).
Assume the standard deviation is $3540 and that debt amounts are
What is the probability that the debt for a borrower with good credit is less than $10,000?
q2-
Television viewing reached a new high when the Nielson Company reported a mean daily viewing time of 7.89 hours per household. Use a normal probability distribution with a standard deviation of 2.48 hours to answer the following questions about daily television viewing per household.
What is the probability that a household views television between 2.5 and 5.5 hours a day?
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