## Assuming the average monthly mortgage payment is normally distributed with a mean of $1,437 AND that 97.35% of the mortgages are between $38

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## Answers ( )

Answer:standard deviation = $472.97

Step-by-step explanation:mean $1,437

97.35% range between $387 and $2,137

z = (x – μ) / σ

2.22 = 1,050 / σ

σ = 1,050 / 2.22 = $472.97