Business, 23.10.2019 17:50 AriaMartinez

Areport published by the federal reserve bank of new york in 2012 reported the results of a nationwide study of college student debt. researchers found that the average student loan balance per borrower is $23,300. they also reported that about one-quarter of borrowers owe more than $28,000.14 (a) assuming that the distribution of student loan balances is approximately normal, estimate the standard deviation of the distribution of student loan balances. (b) assuming that the distribution of student loan balances is approximately normal, use your answer to part (a) to estimate the proportion of borrowers who owe more than $54,000. (c) in fact, the report states that about 10% of borrowers owe more than $54,000.
(i)-what does this fact indicate about the shape of the distribution of student loan balances? (
ii)-the report also states that the median student loan balance is $12,800. does this fact support your conclusion in part (c)? explain.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 12:00

Agovernment receives a gift of cash and investments with a fair value of $200,000. the donor specified that the earnings from the gift must be used to beautify city-owned parks and the principal must be re-invested. the $200,000 gift should be accounted for in which of the following funds? a) general fund b) private-purpose trust fund c) agency fund d) permanent fund

Answers: 1

Answer

Business, 22.06.2019 12:10

The following transactions occur for badger biking company during the month of june: a. provide services to customers on account for $32,000. b. receive cash of $24,000 from customers in (a) above. c. purchase bike equipment by signing a note with the bank for $17,000. d. pay utilities of $3,200 for the current month. analyze each transaction and indicate the amount of increases and decreases in the accounting equation. (decreases to account classifications should be entered as a negative.)

Answers: 1

Answer

Business, 22.06.2019 16:10

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Answers: 1

Answer

Business, 22.06.2019 20:10

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.

Answers: 2

Answer

You know the right answer?

Areport published by the federal reserve bank of new york in 2012 reported the results of a nationwi...

Questions