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For the most recent year available, the mean annual cost to attend a private university
Chapter 0, Problem 28(choose chapter or problem)
For the most recent year available, the mean annual cost to attend a private university in the United States was $26,889. Assume the distribution of annual costs follows the normal probability distribution and the standard deviation is $4,500. Ninety-five percent of all students at private universities pay less than what amount?
Questions & Answers
QUESTION:
For the most recent year available, the mean annual cost to attend a private university in the United States was $26,889. Assume the distribution of annual costs follows the normal probability distribution and the standard deviation is $4,500. Ninety-five percent of all students at private universities pay less than what amount?
ANSWER:Step 1 of 3
Mean annual cost of private university is and the standard deviation is .
Let be the annual cost.
Now,