Average amount of debt families, Business Economics

Assignment Help:

The average amount of debt families have is 2.5 times their annual income with a standard deviation 0.75 times their annual income. How much debt does a family have to have (relative to their annual income) to be in the top 5% with the LOWEST debt load? (Please round your answer to 2 decimal places)


Related Discussions:- Average amount of debt families

Statistical analysis of data, Q1 An important first step to the statistical...

Q1 An important first step to the statistical analysis of data is to "get to know your data".  The following tasks should contribute to this. (a)   To the right of the dataset c

Problems of lower income countries, PROBLEMS OF LOWER INCOME COUNTRIES ...

PROBLEMS OF LOWER INCOME COUNTRIES There are vast income and wealth disparities in world we live in. Approximately one-fourth of the world’s population accounts for the three-f

Distinguish between a firm''s fixed cost and variable cost, QUESTION (a...

QUESTION (a) Explain the Law of demand and the factors affecting demand for a product or service. (b) Explain and illustrate diagrammatically how the market demand for a pro

Financial economic, What do you believe are the consequences of a rating do...

What do you believe are the consequences of a rating downgrade?

Central bank, Critically evaluate measures used by governments and central ...

Critically evaluate measures used by governments and central banks to manage the economies of their countries. By critical evaluation use convincing arguments for or against measur

Black-scholes model, Choose one stock from the New  York stock market which...

Choose one stock from the New  York stock market which has calls and puts available. Extract  the price change for each 3 month period over the last 12 months. Find the current yie

Can less developed countries economies grow, Can less developed countries e...

Can less developed countries economies grow by developing services as tourism? Less developed countries economies grow by developing services as tourism when: The less deve

How does social capital influence development, How does social capital infl...

How does social capital influence development? Problem: Low social capital leads to potential conflicts and high transaction costs which hinder growth. Several LDCs (Less Deve

Economics, MBA Economics Assignment Question 1: Many analysts in both deve...

MBA Economics Assignment Question 1: Many analysts in both developed and developing worlds have heavily criticized the cases of monopolies. Discuss using relevant examples whether

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd