the average amount of debt families have is 25


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)

Request for Solution File

Ask an Expert for Answer!!
Business Economics: the average amount of debt families have is 25
Reference No:- TGS0378126

Expected delivery within 24 Hours