The average credit card debt for Americans is $5,725. If the debt is normally distributed with a standard deviation of $1,615 and an American is chosen at random, find the probability that the person does not owe more than $6,000.
The average credit card debt for Americans is $5,725. If the debt is normally distributed with a standard deviation of $1,615 and an American is chosen at random, find the probability that the person does not owe more than $6,000.
Chapter8: Sequences, Series,and Probability
Section8.7: Probability
Problem 11ECP: A manufacturer has determined that a machine averages one faulty unit for every 500 it produces....
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Transcribed Image Text:The average credit card debt for
Americans is $5,725. If the debt is
normally distributed with a standard
deviation of $1,615 and an American is
chosen at random, find the probability
that the person does not owe more than
$6,000.
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