U ILLIU 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.