For this case we have that by definition, the equation of a line in the slope-intersection form is given by:
Where:
m: It's the slope
b: It is the cut-off point with the y axis
On the other hand we have that if two lines are perpendicular, then the product of their slopes is -1. So:
The given line is:
So we have:
We find
So, a line perpendicular to the one given is of the form:
We substitute the given point to find "b":
Finally we have:
In point-slope form we have:
ANswer:
Using the normal distribution, it is found that:
a)
b) There is a 0.5859 = 58.59% probability that the college graduate has between $14,200 and $33,950 in student loan debt.
c) Low: $23,519.65, High: $26,580.35.
<h3>Normal Probability Distribution</h3>The z-score of a measure X of a normally distributed variable with mean and standard deviation
is given by:
The mean and the standard deviation are given, respectively, by:
.
Hence the distribution of X can be described as follows:
The probability that the college graduate has between $14,200 and $33,950 in student loan debt is the <u>p-value of Z when X = 33950 subtracted by the p-value of Z when X = 14200</u>, hence:
X = 33950:
Z = 0.73
Z = 0.73 has a p-value of 0.7673.
X = 14200:
Z = -0.91
Z = -0.91 has a p-value of 0.1814.
0.7673 - 0.1814 = 0.5859.
There is a 0.5859 = 58.59% probability that the college graduate has between $14,200 and $33,950 in student loan debt.
Considering the symmetry of the normal distribution, the middle 10% is between the 45th percentile(X when Z = -0.127) and the 55th percentile(X when Z = 0.127), hence:
X - 25150 = -0.127(12050)
X = $23,519.65.
X - 25150 = 0.127(12050)
X = $26,580.35.
More can be learned about the normal distribution at brainly.com/question/4079902
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