Monthly Mortgage Payments The average monthly mortgage
Chapter 6, Problem 6(choose chapter or problem)
Monthly Mortgage Payments The average monthly mortgage payment including principal and interest is $982 in the United States. If the standard deviation is approximately $180 and the mortgage payments are approximately normally distributed, find the probability that a randomly selected monthly payment is
a. More than $1000
b. More than $1475
c. Between $800 and $1150
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