Uilliu
5. jill has not been able to maintain the $1,000
number of
minimum balance required to avoid fees on
checks on
her checking account. she wants to switch to a
month statement
different account with a fee of $0.20 per check
may
14
and a $12.50 monthly maintenance fee. jill
wants to estimate the fees for her new account.
june
19
to the right is a summary of the checks she has july
23
written from may to august.
august
a. what is the mean number of checks jill
wrote per month during the last 4 months?
b. based on the mean, estimate how much jill expects to pay in per-check fees
each month after she switches to the new account.
c. estimate the total monthly fees jill will pay each month for the new
checking account.