document.write( "Question 1191671: Question 5 options:
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document.write( "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 probabilities. \r
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document.write( "a) The selected monthly payment is more than $1175.\r
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document.write( "P(X > 1175) = \r
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document.write( "b) The selected monthly payment is between $700 and $1000.\r
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document.write( "P(700 < X < 1000) = \r
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Algebra.Com's Answer #823509 by Boreal(15235)![]() ![]() You can put this solution on YOUR website! z=(x-mean)/sd \n" ); document.write( "so z>(193/180)=1.072 \n" ); document.write( "that probability is 0.1418 \n" ); document.write( "- \n" ); document.write( "This is z=-282/180 and z=18/180 for probability 0.4816 \n" ); document.write( "check with calculator 2ndVARS(700,1000,982,180)ENTER for 0.4812. The difference is that I rounded -282,180 and the calculator doesn't round until the end. Ask how much they want the z-value rounded to. \n" ); document.write( " \n" ); document.write( " |