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-- Vue/wuiz4_Cn6and7,v1/ Because of the relatively high interest rates, most consumers attempt to pay Upe 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 27 dollars and a standard deviation of 8 dollars.Please use z-scores with at least 3 decimal places. A. What proportion of the bank's Visa cardholders pay more than 30 dollars in interest? Proportion = 0.3538 B. What proportion of the bank's Visa cardholders pay more than 39 dollars in interest? Proportion = 0.0668 C. What proportion of the bank's Visa cardholders pay less than 16 dollars in interest? Proportion = 0.0846 D. What interest payment is exceeded by only 18% of the bank's Visa cardholders?

-- Vue/wuiz4_Cn6and7,v1/ Because of the relatively high interest rates, most consumers attempt to pay Upe 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 27 dollars and a standard deviation of 8 dollars.Please use z-scores with at least 3 decimal places. A. What proportion of the bank's Visa cardholders pay more than 30 dollars in interest? Proportion = 0.3538 B. What proportion of the bank's Visa cardholders pay more than 39 dollars in interest? Proportion = 0.0668 C. What proportion of the bank's Visa cardholders pay less than 16 dollars in interest? Proportion = 0.0846 D. What interest payment is exceeded by only 18% of the bank's Visa cardholders?

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.5: Comparing Sets Of Data
Problem 3BGP
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Please see below. I need to verify my answers on these. I believe they are right.
_Ch6and7,v1/ 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 27 dollars and a standard deviation of 8 dollars.Please use z-scores with at least 3 decimal places. 画☆ Upc A. What proportion of the bank's Visa cardholders pay more than 30 dollars in interest? Proportion = 0.3538 B. What proportion of the bank's Visa cardholders pay more than 39 dollars in interest? Proportion = 0.0668 C. What proportion of the bank's Visa cardholders pay less than 16 dollars in interest? Proportion = 0.0846 D. What interest payment is exceeded by only 18% of the bank's Visa cardholders? Interest Payment = 34.32
Transcribed Image Text:_Ch6and7,v1/ 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 27 dollars and a standard deviation of 8 dollars.Please use z-scores with at least 3 decimal places. 画☆ Upc A. What proportion of the bank's Visa cardholders pay more than 30 dollars in interest? Proportion = 0.3538 B. What proportion of the bank's Visa cardholders pay more than 39 dollars in interest? Proportion = 0.0668 C. What proportion of the bank's Visa cardholders pay less than 16 dollars in interest? Proportion = 0.0846 D. What interest payment is exceeded by only 18% of the bank's Visa cardholders? Interest Payment = 34.32
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