SOLUTION: The average monthly mortage payment including principal and interest is $982 in the United states. If the standard deviation is approximately $180 and the mortage payments are app

Algebra ->  Probability-and-statistics -> SOLUTION: The average monthly mortage payment including principal and interest is $982 in the United states. If the standard deviation is approximately $180 and the mortage payments are app      Log On


   



Question 630006: The average monthly mortage payment including principal and interest is $982 in the United states. If the standard deviation is approximately $180 and the mortage payments are approximately normally distributed, find the probability that a randomly selected monthly payment is
a. more than $1000
b. More that $1475
c. between $800 and $1150

Answer by stanbon(75887) About Me  (Show Source):