Question

NCAA Scholarships: The NCAA estimates that the mean yearly value of a full athletic scholarship at in-state public universities is $19,000. Assume the scholarship value is normally distributed with a standard deviation of $2100.

For the 10% of athletic scholarships of least value, how much are they worth?

What percentage of athletic scholarships are valued at $22,000 or more?

What is the probability than an athletic scholarship chosen at random is between $17,500 and $22,000?

Answer 1