An estimated 1.8 million students take on student loans to pay ever-rising tuition and room and board (The 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

Answers

Answer 1

Answer:

Approximately 256,140 recent college graduates have accumulated a student loan of more than $30,000.

Step-by-step explanation:

Normal Probability Distribution:

Problems of normal distributions can be solved using the z-score formula.

In a set with mean [tex]\mu[/tex] and standard deviation [tex]\sigma[/tex], the z-score of a measure X is given by:

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

The Z-score measures how many standard deviations the measure is from the mean. After finding the Z-score, we look at the z-score table and find the p-value associated with this z-score. This p-value is the probability that the value of the measure is smaller than X, that is, the percentile of X. Subtracting 1 by the p-value, we get the probability that the value of the measure is greater than X.

Average cumulative debt of recent college graduates is about $22,500, standard deviation of $7,000.

This means that [tex]\mu = 22500, \sigma = 7000[/tex]

Proportion more than 30000.

1 subtracted by the pvalue of Z when X = 30000. So

[tex]Z = \frac{X - \mu}{\sigma}[/tex]

[tex]Z = \frac{30000 - 22500}{7000}[/tex]

[tex]Z = 1.07[/tex]

[tex]Z = 1.07[/tex] has a pvalue of 0.8577

1 - 0.8577 = 0.1423

Approximately how many recent college graduates have accumulated a student loan of more than $30,000?

0.1423 out of 1.8 million.

0.1423*1.8 = 0.25614 million = 256,140

Approximately 256,140 recent college graduates have accumulated a student loan of more than $30,000.


Related Questions

WILL GIVE BRAINLIEST TO ANSWER

Answers

its x4 got it thanks give me brainliest

Slick Slack is a downloadable app that can be used to automatically generate excuses for being late to work based on the weather, traffic conditions, and the employer's line of business. One week after its release, 6,040 copies of Slick Slack were downloaded. After 5 weeks, 13,090 copies had been downloaded. Let x represent the number of weeks since Slick Slack was released, and y represent the number of copies that had been downloaded. Use the marginal change and the fact that 1 week after its release 5840 copies of Slick Slack were downloaded to determine the y intercept in the equation y = a + bx.
a) (x,y) =____.
b) write the equation in the form y = a + bx for the number of copies downloaded x weeks after its release.

Answers

Answer:

[tex](x_1,y_1) = (1,5840)[/tex]

[tex](x_2,y_2) = (2,13090)[/tex]

[tex]y = 1812.5x + 4027.5[/tex]

[tex]y_0 = 4027.5[/tex] --- y intercept

Step-by-step explanation:

Given:

x = weeks; y = copies

The right parameters are:

After 1 week, 5840 copies were downloaded

After 5 weeks, 13090 copies were downloaded

So, the (x,y) forms are:

[tex](x_1,y_1) = (1,5840)[/tex]

[tex](x_2,y_2) = (5,13090)[/tex]

Next, we calculate the slope (m) using:

[tex]m = \frac{y_2 - y_1}{x_2 - x_1}[/tex]

[tex]m = \frac{13090 - 5840}{5 - 1}[/tex]

[tex]m = \frac{7250}{4}[/tex]

[tex]m = 1812.5[/tex]

The equation is then calculated using:

[tex]y = m(x - x_1) + y_1[/tex]

[tex]y = 1812.5(x - 1) + 5840[/tex]

[tex]y = 1812.5x - 1812.5 + 5840[/tex]

[tex]y = 1812.5x + 4027.5[/tex]

To calculate the y intercept, substitute 0 for x

[tex]y_0 = 1812.5*0 + 4027.5[/tex]

[tex]y_0 = 0 + 4027.5[/tex]

[tex]y_0 = 4027.5[/tex]

x-3=14 use the opposite operation found in the equation.

Answers

Step-by-step explanation:

x-3=14

x=14+3

x=17

verification

x(17)-3=14

17-3=14

14=14

The volume can be determine by subtracting volume of smaller cuboid from the volume of the bigger cuboid.
Thus, by removing smaller cuboid from the bigger, we can determine the volume of the resultant figure.
Thus, Option (b) is correct.

are Equilateral triangles always acute triangles.

Answers

Answer:

Yes, they can only have acute angles (all measure 60°)

Step-by-step explanation:

The thickness of the backfat in pigs is used in evaluating the quality of their flesh for consumption. To compare the backfat thickness of pigs raised on two different diets, an animal researcher randomly sampled a group of pigs raised on Diet 1 and another group raised on Diet 2:
Sample Mean Sample SD Sample Size
Diet 1 3.63 cm 0.29 cm 18
Diet 2 3.37 cm 0.25 cm 18
POOLED SE 0.09
A) After confirming all relevant assumptions, you want to test if the mean backfat thicknesses of the pigs raised on these two diets differs. What is the absolute value of the test statistic?
B) If the critical value for this test is 2.032 (confirm that it is), what would be an appropriate conclusion for this test?
A. An conclusion is not warranted for this test
B. This data provides evidence that mean backfat thickness of pigs on Diet 1 is different from pigs on Diet 2 (p<.05)
C. This data provides no evidence that mean backfat thickness of pigs on Diet 1 is different from pigs on Diet 2 (p<.05)
D. This data provides evidence that diet is independent of backfat thickness (p<.05)
E. There is no evidence that diet is independent of backfat thickness (p>.05)

Answers

Answer:

A) The test statistic is approximately 7.5056

B) E. There is no evidence that diet is independent of backfat thickness

Step-by-step explanation:

The given data are;

The sample mean for pigs raised on Diet 1, [tex]\overline x_1[/tex] = 3.63 cm

The sample SD for pigs raised on Diet 1, s₁ = 0.29 cm

The number of pigs in the sample for pigs raised on Diet 1, n₁ = 18

The sample mean for pigs raised on Diet 2,  [tex]\overline x_2[/tex] = 3.37 m

The sample SD for pigs raised on Diet 2, s₂ = 0.25 cm

The number of pigs in the sample for pigs raised on Diet 2, n₂ = 18

The pooled SE = 0.09

A) The test statistic is given by the following formula;

[tex]t=\dfrac{(\bar{x}_{1}-\bar{x}_{2})}{\sqrt{\dfrac{s_{1}^{2} }{n_{1}}-\dfrac{s _{2}^{2}}{n_{2}}}}[/tex]

Therefore, we have;

[tex]t=\dfrac{(3.63-3.37)}{\sqrt{\dfrac{0.29^{2} }{18}-\dfrac{0.25^{2}}{18}}} \approx 7.5056[/tex]

The test statistic, t ≈ 7.5056

B) The degrees of freedom, df = n₁ - 1 = 18 - 1 = 17

At a confidence level of 95%, the critical value is 2.11

Given that the value of the test statistics tic if larger than the critical value, the null hypothesis is rejected and there is a difference in the backfat of the pigs on different diet

Therefore, there is no evidence that diet is independent of backfat thickness

Solve | 2x | = | x + 3 | by graphing

Answers

Answer:the answer is 3 and -1

Step-by-step explanation:

X=3

And

X=-1


The area of a sector of a circle of radius 5
cm, formed by an arc of length 3.5 cm is
(a) 8 cm?
(b) 8.75 cm?
(c) 9.5 cm?
(d) 7.9 cm?

Answers

Answer:

A = 8.75 cm²

Step-by-step explanation:

Given that,

Radius, r = 5 cm

The arc length, l = 3.5 cm

We need to find the area of a sector. Let [tex]\theta[/tex] be the angle. So,

[tex]\theta=\dfrac{l}{r}\\\\\theta=\dfrac{3.5}{5}\\\\\theta=0.7\ rad[/tex]

The formula for the area of sector when [tex]\theta[/tex] is in radian is  given by :

[tex]A=\dfrac{1}{2}\times \theta r^2\\\\A=\dfrac{1}{2}\times 0.7\times 5^2\\\\A=8.75\ cm^2[/tex]

So, the area of the sector is 8.75 cm².

Answer: (b)

Step-by-step explanation:

Given

the radius of circle r=5 cm

arc length  [tex]l=3.5\ cm[/tex]

Arc length is also given by

[tex]l=\dfrac{\theta }{360^{\circ}}\times 2\pi r[/tex]

[tex]\Rightarrow 3.5=\dfrac{\theta }{360^{\circ}}\times 2\pi \times 5\\\\\Rightarrow \theta =40.10^{\circ}[/tex]

Area of the sector is given by

[tex]\Rightarrow A=\dfrac{\theta }{360^{\circ}}\times \pi r^2\\\\\Rightarrow A=\dfrac{40.101^{\circ}}{360^{\circ}}\times 3.142\times 5^2\\\\\Rightarrow A=8.749\approx 8.75\ cm^2[/tex]

If the measure of angle CBD is 5(7x + 15) degrees, then what is the value of x. (Angle CDB is 180)
x =

Answers

Answer:

[tex]\huge\boxed{\sf x = 3 }[/tex]

Step-by-step explanation:

If the measure of :

∠CBD = 5 ( 7x + 15 )

Also,

∠CBD = 180°

Then,

5 (7x + 15) = 180

35x + 75 = 180

Subtract 75 to both sides

35x = 180 - 75

35x = 105

Divide both sides by 35

x = 105 / 35

x = 3

[tex]\rule[225]{225}{2}[/tex]

Hope this helped!

~AH1807

WILL GIVE BRAINLIEST

Answers

Answer:

B. 12

Step-by-step explanation:

First, we need the degrees for A. So, cosx = 5/13    =    67.4

Now it will be easy to solve a. tan67.4° = a/5    =   12.011728511....

we round it to the nearest tenth and we get 12.

Step-by-step explanation:

By pythagoras theoram

[tex]c = \sqrt{a2 + b2} [/tex]

13=a²+5²a²=13²--5²a²=169--25a²=144

I think this is a helpful for you

Question 11
2 pts
If the temperature at 10:00 am is -23° F and two
hours later at 12.00 pm the temperature rose 6
degrees Fahrenheit, what is the
temperature at
12:00 pm in degrees?

Answers

-17°F bc -23+6 is -17

Jean worked 47 hours last week and was paid $527. How much was she paid per hour?

Answers

Answer:

11.2127659574

Step-by-step explanation:

Answer:

$11.21 per hour.

Step-by-step explanation:

Divide the pay by the hours worked and round to the nearest tenth.

527/ 47 = 11.21276596 then round to 11.21

please i will give you brainly -1,8÷9 I need step by step​

Answers

Answer:

-0.2

I couldn't get step by step but hope this answer helps out a little...

(Do you need it for ur assignment?)

Step-by-step explanation:

-18/9 = 2, 9 goes into 18, 2 times, but  a negative divided by a positive always = a negative number so the answer would come out to be -2.  

-18/9 = 2, 9 goes into 18, 2 times, but  a negative divided by a positive always = a negative number so the answer would come out to be -2.  

however is you were typing -1.8 / 9 then it would be -0.2. Multiplying -0.2 * 9 would give you -1.8. Same rule applies as to why it's negative

I wasn't sure if the comma was a typo in your question but I Hope this helps :)

45,678 in expanded form

Answers

Answer:

40,000 + 5000 + 600 + 70 + 8

Step-by-step explanation:

take the numbers all off and break them down by their value.

The base of the pyramid is a right triangle



The volume is ____ cubic cm.

Answers

Answer:

37 cubic cm should be the answer sorry if I am wrong

A desk drawer is shaped like a rectangular prism. The height of the drawer is 7 inches. The bottom of the drawer has an area of 210 square inches.

What is the volume of the desk drawer?

pls help Ill give you brainiest and pic for your profile

Answers

Answer:

1470

Step-by-step explanation:

Someone please explain how you got the answer please and thank you

Answers

Answer:

3 texts by madelyn, there were 2 texts from aubrey

Step-by-step explanation:

the ratio of maddie to aubrey was 18:12 which is 3:2

so 3 by maddie = 2 by aubrey

i used maddie because its shorter

Answer:

6 + 6 is 12 and 12 + 6 is 18 so i think its for every 6 text sent and then 6 again (6 in both boxes)

Step-by-step explanation:

adore your sasha pfp

Please help trigonometry and special right trianglez

Answers

Answer:

Step-by-step explanation:

PLEASE I NEED HELP CLICK ON THIS IMAGE

Answers

Answer:

D, 261

Step-by-step explanation:

Divide all of the answer choices by 9. The answer is the one with the whole number. 261/9=29 29=whole number so D is the answer.

Hope this helps! If it did, please give brainliest! It would help a lot! :D

Answer:

261

Step-by-step explanation:

If the farmer used 9 boxes and each had the same number, we need to find the number that's divisible by 9.

There's a great fact - a number is divisible by 9 if its sum of digits is divisible by 9.

Let's use that fact on the answers first:

281 -> 2 + 8 + 1 -> 11 -> 1 + 1 -> 2; not divisible by 9

273 -> 2 + 7 + 3 -> 12 -> 1 + 2 -> 3; not divisible by 9

261 -> 2 + 6 + 1 -> 9; divisible by 9

Please note that we could just say that 11 is not divisible by 9, but I wanted to show that we can do it again - nothing stops us and it still works.

To know why this method works, note that a number ABC is equal to:

100 * A + 10 * B + C = 99 * A + 9 * B + (A + B + C) = 9*(11*A + B) + (A + B + C)

And we know that 9*(11*A + B) is divisible by 9 because it's literally 9 times something. So A+B+C is equal to ABC minus something divisible by 9, and that proves what we needed.

Is it right ????????

Answers

Answer:

yeah

Step-by-step explanation:

A rectangle has a perimeter of 103.6 inches and a base of 39 inches. What is the height?

Answers

Answer:

12.8 IN.

Step-by-step explanation:

So, what exactly is perimeter?

Perimeter= 2L+ 2W

In this question we were given the length.ie.Base and the perimeter itself.

●Length is 39 In.

●Perimeter is 103.6 In.

●We don't know the width.

But, as per given the question, we know that;

1 length = 39 In.

2 lengths= 78 In.

Now that we know the total length we can find the total width.

See as follows,

103.6 - 78= 25.6

2 widths= 25.6

1 width= 25.6÷2

=12.8 In

Is 3times4 the same as 4 times 3​

Answers

Answer:

Yes, 3x4=12 and 4x3=12

Step-by-step explanation:

Answer:

Yes

Step-by-step explanation:

3 × 4 = 12

4 × 3 = 12

PLEASE HELP ITS DUE IN AN HOUR!!!!!!

Answers

Answer:

3 units to the right of -5

Step-by-step explanation:

How many degrees does it take a capterpillar to turn upright​

Answers

it is at least 180 degrees

find the circumference of the circle. PLEASE HELP I HAVE 5 MINUTES LEFT :(

Answers

Answer:

18.84

Step-by-step explanation:

Pls helpp It is due today

Answers

Answer:

$13.75

Step-by-step explanation:

d= 9.75

43 - 3(9.75) = 13.75

The answer would be $13.75

Help me with this please

Answers

I believe it is 15

90-75=15

Answer:

x = 37.5

Step-by-step explanation:

The easiest way to solve this is to realize that the bottom triangle is a an Isosceles triangle, with the upper angle being equal to 180 - 75 degrees.  That gives us the number 105°

Because it's an Isosceles triangle, we can simply say that the bottom angles, including the one we want to calculate are equal and both add up 105 (again, because the angles in a triangle add up to 180, and we know the top one is 105).

That gives us:

(180 / 105) / 2

= 75 / 2

= 37.5

5^-2 + 7^0

PLSSS HELP MEEE IM IN SCHOOL RIGHT NOW

Answers

TRY THIS

Step-by-step explanation:

Step-by-step explanation:

Given

[tex] {5}^{ - 2} + {7}^{0} \\ = \frac{1}{ {5}^{2} } + 1 \\ = \frac{1}{25} + 1 \\ = \frac{1 + 25}{25} \\ = \frac{26}{25} [/tex]

Hope it will help :)❤

What is the x-value of the solution to this system of equations?
Y=2/7x-1
2x + 7y = -49

Answers

Answer:

x = -21/2

Step-by-step explanation:

y= 2/7 x-1

or, 7y= 2x -7

or, 2x -7y =7

2x + 7y = -49

4x = -42

x= -21/2

y= 2/7 × -21/2 -1

= -4

Help plzzzzzzxhshshxyxush

Answers

Answer:

a.

Step-by-step explanation:

because "six hundered one" is 601 and "five hundredths" is .05 so the only number with both those 2 is a so the awnser is a.

Triangles & Trigonometry

Answers

Answer:

Answer: x = y = 2√7

Step-by-step explanation:

x = (2√14)cos45

x = (2√14)½√2

x = √14(√2) = √28 = 2√7

y = (2√14)sin45

y = (2√14)½√2

y = √14(√2) = √28 = 2√7

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