Monthly mortgage payments


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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Basic Statistics: Monthly mortgage payments
Reference No:- TGS0860115

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