Question

Suppose that in one region of the country the mean amount of credit card debt per household in households having credit card debt is $15,250, with standard deviation $7,125 . Find the probability that the mean amount of credit card debt in a sample of 900 such households will be between (14500 , 15750). If 1000 credit cards are examined, then how many cards do you expect to debit within ($14900, $15750).

Answer 1

Answer:

Step-by-step explanation:

Suppose that in one region of the country the mean amount of credit card debt per household in households having credit card debt is

with standard deviation

Find the probability that the mean amount of credit card debt in a sample of 1,600 such households will be within

of the population mean.

Discussion