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Suppose that in one region of the country, the mean amount of credit card debt per...

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Statistics

Suppose that in one region of the country, the mean amount ofcredit card debt per household in households having credit carddebt is $8,000, with standard deviation $1,000. Find theprobability that the mean amount of credit card debt in a sample of400 such households will be within $7,925 and $$8,100.

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SolutionGiventhe mean amount of credit card debt perhousehold in households having credit card debt is 8000 withstandard deviation 1000Mean Standard deviation Sample size n    See Answer
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