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 2525 dollars and a standard deviation of 88 dollars. (Round all decimals to at least 3 places.) (a) What proportion of the bank's Visa cardholders pay more than 2828 dollars in interest

Answers

Answer 1

Complete Question

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 25 dollars and a standard deviation of 8 dollars. (Round all decimals to at least 3 places.) (a) What proportion of the bank's Visa cardholders pay more than 28 dollars in interest

Answer:

0.354

Step-by-step explanation:

We solve for z score in this question.

The formula is given as:

z = (x-μ)/σ, where

x is the raw score = $28

μ is the population mean = $25

σ is the population standard deviation = $8

z= 28 - 25/8

z = 0.375

P-value from Z-Table:

P(x<28) = 0.64617

P(x>28) = 1 - P(x<28)

= 1 - 0.64617

= 0.35383

Approximately to 3 decimal places = 0.354

The proportion of the bank's Visa cardholders pay more than 28 dollars in interest is 0.354.


Related Questions

If b^2 = 25 then b= Answer it please

Answers

Answer:

b = 5

mark me as brainliest plz!! :DD


A government may create and regulate natural monopolies because:

Answers

Answer:

they can handle the costs of providing essential services

Step-by-step explanation:

A government may create and regulate natural monopolies because the government has the right to manage and regulate the resources available to the country in order to provide welfare and proper services to own citizens.

Given that,
A government may create and regulate natural monopolies because:,
The incomplete statement is to be complete.

What is right?

An authority or claim controlled by the all-around people as the result of a constitution, law, ordinance, judicial precedent, or another type of law.

Here,
A government in any country has one motto rule of the country is to the people, for the people, and of the people. Whatever government does suppose to be for the welfare and proper livelihood in the country for its citizens. So in this manner,

Thus, a government may create and regulate natural monopolies because the government has the right to manage and regulate the resources available to the country in order to provide welfare and proper services to its own citizens.

Learn more about rights here,
https://brainly.com/question/8903161
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67

Name

_Michael Goodger Lesson 4 Homework

1.Convert and write an equation with an exponent.

A. 2 meters to centimeters

2m = 200 cm

2 x 10 = 200

B. 108 centimeters to meters 108 cm = 1 m

1.08% 101=108

C. 2.49 meters to centimeters 2.49 m = 249

cm

2.49x 103= 249

D. 50 centimeters to meters 50 cm = 1 m

50x1=50

E 6.3 meters to centimeters 6.3 m = 63 cm

6.3x63=63

F 7 centimeters to meters Icm = _

m

In the space below, list the letters of the problems where smaller units are converted to larger units.

2. Convert using an equation with an exponent. Use your meter strip when it helps you.

a. 4 meters to millimeters

mm

b. 1.7 meters to millimeters

mm

1050 millimetorn

m =

m =

Answers

Answer:

Step-by-step explanation:

1)

A. 2 meters to centimeters

1 m = 100 cm

[tex]2 m = 2 \times 100 \\2 m = 200 cm = 2 \times 10^2[/tex]

B)108 centimeters to meters

100 cm =1 m

[tex]1 cm = \frac{1}{100} m \\108 cm = \frac{108}{100}=108 \times 10^{-2} m[/tex]

C)2.49 meters to centimeters

1 m = 100 cm

[tex]2.49 m = 2.49 \times 100 = \frac{249}{100} \times 100 = 249 cm[/tex]

D)50 centimeters to meters

100 cm = 1m

[tex]1 cm = \frac{1}{100} m \\50 cm = \frac{50}{100}= 5 \times 10^{-1} m[/tex]

E)6.3 meters to centimeters

1 m = 100 cm

[tex]6.3 m = 6.3 \times 100=\frac{63}{10} \times 100 = 630 cm[/tex]

F)7 centimeters to meters

100 cm = 1 m

[tex]1 cm = \frac{1}{100} m\\\\7 cm = \frac{7}{100} = 7 \times 10^{-2} m[/tex]

2)

a)4 meters to millimeters

1 m = 1000 mm

[tex]4 m = 4000 = 4 \times 10^3 mm[/tex]

b)1.7 meters to millimeters

1 m = 1000 mm

[tex]1.7 m = 1.7 \times 1000= \frac{17}{10} \times 1000=17 \times 10^2 mm[/tex]

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