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Category > Accounting Posted 03 May 2017 My Price 6.00

An estimated 1.8 million students take on student loans

An estimated 1.8 million students take on student loans to pay ever-rising tuition and room and board (New York Times, April 17,2009). It is also known that the average cumulative debt of recent college graduates is about $22,500. Let the cumulative debt among recent college graduates be normally distributed with a standard deviation of $7,000. Approximately how many recent college graduates have accumulated a student loan of more than $30,000?

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(8)
Status NEW Posted 03 May 2017 12:05 PM My Price 6.00

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Attachments

file 1493816327-2233017_1_636292910014619471_population-proportion.xlsx preview (135 words )
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