The credit card payment, PaymentAmt, made last month by 100 credit card holders was obtained and processed using MINITAB. Some preliminary results are shown in Exhibit 2 below: Exhibit 2 Variable                N        Mean      Median         StDev     SE Mean PaymentAmt       100      163.76       158.5        65.59       6.56 Assuming that the distribution is normal, estimate the highest credit card payment made by the first 75% of these 100 credit card holders.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
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The credit card payment, PaymentAmt, made last month by 100 credit card holders was obtained and processed using MINITAB. Some preliminary results are shown in Exhibit 2 below:

Exhibit 2

Variable                N        Mean      Median         StDev     SE Mean

PaymentAmt       100      163.76       158.5        65.59       6.56

Assuming that the distribution is normal, estimate the highest credit card payment made by the first 75% of these 100 credit card holders.

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