Question

An estimated 1.9 million students take on student loans to pay ever-rising tuition and room and board (The New York Times, April 17, 2009). It is also known that the average cumulative debt of recent college graduates is about $20,600. Let the cumulative debt among recent college graduates be normally distributed with a standard deviation of $7,000. Approximately how many recent college graduates have accumulated a student loan of more than $30,000? (You may find it useful to reference the z table. Round "z-value" to 2 decimal places.) Number of Graduates:

Answer 1