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 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 bank's Visa cardholders pay more than 38 dollars in interest? Proportion =

C. What proportion of the bank's Visa cardholders pay less than 17 dollars in interest? Proportion =

D. What interest payment is exceeded by only 19% of the bank's Visa cardholders? Interest Payment =

Answer #1

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 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 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 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

(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...

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...

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...

2. A demand curve indicate
a. the maximum willingness to pay for a given quantity
b.the consumer's gain from exchange
c.the market price of a good or service
d. the equilibrum quantity
3. trade permitts countries to
a. consume more than they capable of producing
b.produce based on their comparative advantage
c.specialize more fully
d.all of above
4. which of the following dose not impact how elastic supply
is?
a. whether the supply is local or global
b.the share of...

MATHEMATICS
1. The measure of location which is the most likely to
be
influenced by extreme values in the data set is the a. range
b.
median c. mode d. mean
2. If two events are independent, then a. they must be
mutually
exclusive b. the sum of their probabilities must be equal to one
c.
their intersection must be zero d. None of these alternatives
is
correct. any value between 0 to 1
3. Two events, A and B,...

Total utility can be objectively measured in numbers that
indicate usefulness or benefit to the consumer.
____ 2. Consumers should purchase quantities of a good to the
point where MU > P.
____ 3. Voluntary exchange requires that there must be mutual
gain.
____ 4. Points along a budget line represent the maximum
combinations of two commodities that a consumer can afford.
____ 5. The budget line represents a consumer's preferences
for a commodity.
____ 6. A change in consumer...

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