A major credit card company has determined that its customers charge an average of $280 per month on their accounts with a standard deviation of $20.
a.What percentage of the customers charges more than $275 per month?b.What percentage of the customers charges less than $243 per month?c.What percentage of the customers charges between $241 and $301.60 per month?
What will be an ideal response?
a. | 59.87% |
b. | 3.22% |
c. | 83.43% |
You might also like to view...
The range into which the true population parameter will fall, assuming a given level of confidence, is called the sampling distribution
Indicate whether the statement is true or false
When managers are considering the optimal product mix, they are most concerned with
A) maximizing revenue. B) minimizing cost. C) maximizing profit. D) minimizing selling and administrative expense. E) balancing productive capacity.
Under the consumer expectation test, if a person were injured by eating a nail in a cherry pie, then the implied warranty would be breached
Indicate whether the statement is true or false
One of the purposes of group __________ is to simplify and make more predictable the behaviors expected of the group members.
Fill in the blank(s) with the appropriate word(s).