Question

(1 point) Suppose that X is normally distributed with mean 85 and standard deviation 20 1)...

(1 point) Suppose that X is normally distributed with mean 85 and standard deviation 20

1)

A. What is the probability that XX is greater than 118?


B) What value of X does only the top 18% exceed?

2) 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 26 dollars and a standard deviation of 9 dollars

A. What proportion of the bank's Visa cardholders pay more than 28 dollars in interest?

B. What proportion of the bank's Visa cardholders pay more than 38 dollars in interest?

Math   Statistics-And-Probability   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
Because of the relatively high interest rates, most consumers attempt to pay off their credit card...
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 29 dollars and a standard deviation of 9 dollars. A. What proportion of the bank's Visa cardholders pay more than 32 dollars in interest? B. What proportion of the bank's Visa...
Because of the relatively high interest rates, most consumers attempt to pay off their credit card...
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 26 dollars and a standard deviation of 9 dollars. A. What proportion of the bank's Visa cardholders pay more than 28 dollars in interest? Proportion = B. What proportion of the...
Because of the relatively high interest rates of credit cards, most consumers attempt to pay off...
Because of the relatively high interest rates of credit cards, most consumers attempt to pay off their credit card bills promptly. When a cardholder does not pay off the full balance within the first month, the cardholder must pay interest on the amount owed. 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 30 dollars and a standard deviation of 6 dollars. A. What...
Because of the relatively high interest rates, most consumers attempt to pay off their credit card...
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 28 dollars and a standard deviation of 9 dollars. What interest payment is exceeded by only 20% of the bank's Visa cardholders? Interest Payment = Note: Please show work, it would...
Because of the relatively high interest rates, most consumers attempt to pay off their credit card...
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 $1,735 and a standard deviation of $285. What interest payment is exceeded by only 15% of the bank’s Visa cardholders? Select one: a. $2,031.40 b. $1,884.625 c. $1,438.60 d. $1,585.375
A survey of 30 couples showed the sample mean number of meals eaten outside their home...
A survey of 30 couples showed the sample mean number of meals eaten outside their home was 1.75 meals per week, with a standard deviation of 0.55 meal per week. Construct a 95% confidence interval for the population mean number of meals eaten outside per week. Select one: a. None of the other choices b. 1.72 to 1.78 meals c. 1.58 to 1.92 meals d. 1.54 to 1.96 meals Because of the relatively high interest rates, most consumers attempt to...
Suppose that X is normally distributed with mean 85 and standard deviation 24. A. What is...
Suppose that X is normally distributed with mean 85 and standard deviation 24. A. What is the probability that X is greater than 115.24? Probability = B. What value of X does only the top 19% exceed? X =
The diameters of a random sample of 20 products made by a certain machine during one...
The diameters of a random sample of 20 products made by a certain machine during one month showed a mean of 0.93 inch and a sample standard deviation of 0.05 inch. Assume the population is normally distributed, find a 95% confidence intervals for the mean diameter of all the products. Select one: a. 0.9066 to 0.9534 inch b. 0.9081 to 0.9519 inch c. 0.9248 to 0.9352 inch d. 0.9107 to 0.9493 inch “Is live lecture over Zoom an effective way...
Suppose that X is normally distributed with mean 115 and standard deviation 20. A. What is...
Suppose that X is normally distributed with mean 115 and standard deviation 20. A. What is the probability that X is greater than 152? Probability = B. What value of X does only the top 11% exceed? X =
​1) X is normally distributed with a mean of 60 and a standard deviation of 12....
​1) X is normally distributed with a mean of 60 and a standard deviation of 12. ​​a) Find the probability that X is less than 42 ​​b) Find the probability that X is more than 70. ​2) Weights of Yellow Labradors are normally distributed with a mean of 55 pounds and a standard ​​deviation of 6.2 pounds. What proportion of Yellow Labradors weigh between 50 and 60 pounds?
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT