Question 8 The average monthly mortgage payment including principal and interest is $855 in the United States. f the standard deviation is approximately $222 and the mortgage payments are appreaey norma distributed. find the probability that a randomly selected monthly payment is less than $1110. OA.0.87465 OB.0.12535 OG. 0.62535 OD.0.37465

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question
I need the answer as soon as possible
Question 8
The average monthly mortgage payment including principal and interest is $855 in the United Stares. If the standard deviation is approximately $222 and the mortgage payments are approniately normal
distributed, find the probability that a randomly selected monthly payment is less than $1110.
O A. 0.87465
O B.0.12535
O C.062535
OD.0.37465
Queston 8of10
Transcribed Image Text:Question 8 The average monthly mortgage payment including principal and interest is $855 in the United Stares. If the standard deviation is approximately $222 and the mortgage payments are approniately normal distributed, find the probability that a randomly selected monthly payment is less than $1110. O A. 0.87465 O B.0.12535 O C.062535 OD.0.37465 Queston 8of10
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps with 7 images

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman