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Graduating with Debt

University %w/debt amount$ College %w/debt amount%
Pace 72 32,980 Wartbug 83 28,758
Iowa State 69 32,130 Morehouse 94 27,000
Mass. 55 11,227 Wellesley 55 10,206
Suny 64 11,856 Wofford 49 11,012

A. If you randomly choose a graduate from Morehouse College, what is the probability that this individual graduated with debt?

B. If you randomly choose one of these eight institutions for a follow up study on student loans, what is the probability that you will choose an institution with more that 60% of its graduates having debt?

C. If you randomly choose one of these eight institutions for a follow up study on student loans, what is the probability tht you will choose an institution whose graduates with debts have an average debt of more than $30,000?

D. What is the probability that a graduate of Pace University does not have debt?

E. For graduates of Pace Univeristy with debt, the average amount of debt is $32,980. Considering all graduates from Pace University, what is the average debt per graduate?

Solution Preview

Hi there,

Thanks for letting me work on your post. Here is my explanation:

A) Based on the chart, the probability that this ...

Solution Summary

The expert examines graduating with debt from Morehouse Colleges.

$2.19