Business
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?

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 00:30, nschavez123
Refers to the way we conduct ourselves
Answers: 2
image
Business, 22.06.2019 04:30, mt137896
Required prepare the necessary adjusting entries in the general journal as of december 31, assuming the following: on september 1, the company entered into a prepaid equipment maintenance contract. birch company paid $3,400 to cover maintenance service for six months, beginning september 1. the payment was debited to prepaid maintenance. supplies on hand at december 31 are $3,900. unearned commission fees at december 31 are $7,000. commission fees earned but not yet billed at december 31 are $3,500. (note: debit fees receivable.) birch company's lease calls for rent of $1,600 per month payable on the first of each month, plus an annual amount equal to 1% of annual commissions earned. this additional rent is payable on january 10 of the following year. (note: be sure to use the adjusted amount of commissions earned in computing the additional rent.)
Answers: 1
image
Business, 23.06.2019 01:30, zacharysharpe2805
How is systematic decision making related to being financially responsible
Answers: 1
image
Business, 23.06.2019 02:40, Jorianes
Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.
Answers: 3
Do you know the correct answer?
Because of the relatively high interest rates, most consumers attempt to pay off their credit card b...

Questions in other subjects:

Konu
English, 04.02.2021 01:00
Konu
Biology, 04.02.2021 01:00
Konu
Mathematics, 04.02.2021 01:00