The average monthly mortgage payment including principal and interest is $982 in the United States.


Question: The average monthly mortgage payment including principal and interest is $982 in the United States. The standard deviation is approximately $180 and mortgage payments are normally distributed. Use Table 4 (Standard Normal probability table), software, or the TI-calculator to find the probability that a randomly selected monthly payment is less than $750.

Price: $2.99
Solution: The solution consists of 1 page
Deliverables: Word Document

log in to your account

Don't have a membership account?
REGISTER

reset password

Back to
log in

sign up

Back to
log in