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shusha [124]
4 years ago
10

5 thank you so much!!!

Mathematics
1 answer:
Usimov [2.4K]4 years ago
4 0

Answer:

all work is shown and pictured

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The average monthly mortgage payment including principal and interest is $982 in the united states. if the standard deviation is
Aleonysh [2.5K]
The probability that the monthly payment is more than $1000 will be found as follows;
The payment is normally distributed, thus the z-score will be given by:
Z-score=(x-Mean)/(SD)
Mean=$982
SD=$180
Thus;
Z-score=(1000-982)/180=0.1
The probability associated with a z-score of 0.1 is 0.5398
Thus the probability that the monthly payment is more than $1000 will be:
P(x<1000)=1-0.5398=0.4602=46.02%
 
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forsale [732]

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Step-by-step explanation: If you read the answer out loud, it is pronounced "six and twelve thousandths", so it would be written as a fraction like that: 6 12/1000, which can be reduced; 6 6/500 = 6 3/250 (simplest form) and the improper fraction is 1503/250

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