Business, 06.04.2021 01:10 ShundaBaker

Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of 27 dollars and a standard deviation of 8 dollars. Required:
a. What proportion of the bank's Visa cardholders pay more than 29 dollars in interest?
b. What proportion of the bank's Visa cardholders pay more than 35 dollars in interest?
c. What proportion of the bank's Visa cardholders pay less than 14 dollars in interest?
d. What interest payment is exceeded by only 18% of the bank's Visa cardholders?

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 12:30, askharoun2005

Based on an annual disposable income of $40,000, calculate the average amount o money a person would save in japan; in the united states; in france.

Answers: 1

continue

Business, 22.06.2019 11:00, risolatziyovudd

%of the world's population controls approximately % of the world's finances (the sum of gross domestic products)" quizlket

Answers: 1

continue

Business, 22.06.2019 15:00, swansondonovanp66got

Ineed this asap miguel's boss asks him to distribute information to the entire staff about a mandatory meeting. in 1–2 sentences, describe what miguel should do.

Answers: 1

continue

Business, 22.06.2019 18:00, mcckenziee

When peter metcalf describes black diamond’s manufacturing facility in china as a “greenfield project,” he means that partnered with a chinese company to buy the plant . of all market entry strategies, this one carries the lowest risk. because black diamond manufactures its outdoor sports products outside the united states, what risks must its managers be aware of?

Answers: 1

continue

You know the right answer?

Because of the relatively high interest rates, most consumers attempt to pay off their credit card b...