How much debt does a family have to have, Basic Statistics

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How much debt does a family have to have

The average amount of debt families have is 2.5 times their annual income with a standard deviation 0.75 times their annual income. How much debt does a family have to have (relative to their annual income) to be in the top 5% with the LOWEST debt load? (please round your answer to 2 decimal places)

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Basic Statistics: How much debt does a family have to have

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Basic Statistics: How much debt does a family have to have

Reference No:- TGS0116155

Have a Question? (oR Write a Review)

Recent Questions Asked Basic Statistics

Q : What is the probability that the stock''s return will be

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Request for Solution File

Ask an Expert for Answer!!

Basic Statistics: How much debt does a family have to have

Reference No:- TGS0116155

Recent Questions Asked Basic Statistics

Q : What is the probability that the stock''s return will be

Q : Represent the procedural structure of a simple inventory

Q : Test taking time uniformly distributed within a range

Q : What is the depreciation expense

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Q : Difference between forward spatter and back spatter

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