In: Statistics and Probability
Suppose Canadian home-owners owe an average of $198,000 on their mortgages. Assume that mortgage debt is normally distributed in Canada with a standard deviation of $95,000.
Standard Normal Distribution Table
a. Albertans are reported to owe $243,900 in mortgage debt, much higher than the Canadian average. What is the probability of randomly selecting a Canadian with mortgage debt that exceeds $243,900?
Round to four decimal places if necessary
b. What is the probability of randomly selecting a Canadian with mortgage debt below $93,000?
Round to four decimal places if necessary
c. Determine the minimum mortgage debt owing by the 19% of Canadians with the largest mortgages.
Round to the nearest dollar
h(i,x)=
{10if program i halts on input x,otherwise.{1if program i halts on input x,0otherwise.