Because of the relatively high interest rates, mostconsumers attempt to pay off their credit cardbills promptly. However, this is not alwayspossible. An analysis of the amount of interestpaid monthly by a bank's Visa cardholdersreveals that the amount is normally distributedwith a mean of 28 dollars and a standarddeviation of 7 dollars.A. What proportion of the bank's Visa cardholderspay more than 31 dollars in interest?Proportion = .666B. What proportion of the bank's Visa cardholderspay more than 39 dollars in interest?Proportion = 5.9C. What proportion of the bank's Visa cardholderspay less than 18 dollars in interest?Proportion = 0.076D. What interest payment is exceeded by only19% of the bank's Visa cardholders?Interest Payment =34%D

Answered: Image /qna-images/answer/10260fc4-2ef4-428c-b242-e77dac725bd3.jpg

Answered: Because of the relatively high interest…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Use the magnitudes (Richter scale) of the 120 earthquakes listed in the accompanying data table. Use technology to find the range, variance, and standard deviation. If another value, 8.00, is added to those listed in the data set, do the measures of variation change much? 3.272.452.542.432.752.372.192.421.911.432.851.731.992.322.332.704.742.873.382.722.833.423.952.993.873.473.082.942.703.602.842.373.033.232.593.643.242.662.352.432.813.952.522.922.983.412.272.562.933.162.201.151.934.002.542.832.352.311.522.801.951.602.452.332.081.553.201.491.812.551.662.352.452.082.192.752.002.792.392.671.692.881.841.991.862.561.972.183.671.553.162.461.881.502.793.283.822.752.452.712.541.642.183.032.361.481.922.322.651.411.391.802.242.302.481.732.402.442.482.44
The Acme Company manufactures widgets. The distribution of widget weights is bell-shaped. The widget weights have a mean of 50 ounces and a standard deviation of 4 ounces. Use the Standard Deviation Rule, also known as the Empirical Rule (see image below). Do not use normalcdf on your calculator. Suggestion: sketch the distribution in order to answer these questions. a) 95% of the widget weights lie between and b) What percentage of the widget weights lie between 46 and 58 ounces? c) What pagcentage of the widget weights lie below 62 ? % 34% 34% 2.35% 13.5% 2.35% 0.15% 13.5% -35 25 0.15% -1s 1s 25
The distribution of the amount of money spent by students for textbooks in a semester is approximately normal in shape with a mean of $235 and a standard deviation of $20. According to the standard deviation rule, almost 2.5% of the students spent more than what amount of money on textbooks in a semester? A. O $195 B. $215 C. $235 D. $275 E. $295
Number of persons in the household 1 2 A. Below is a distribution of the variable "hompop" from the 2016 General Social Survey dataset. This variable is a measure of the number of people in each respondent's household. Use the table to answer the following questions. 3 4 5 7 8 9 10 11 Total www Freq. 850 1,069 436 278 139 58 19 2,867 percent 29.65 37.29 15.21 9.70 4.85 2.02 0.66 0.31 0.24 0.03 0.03 100.00 Cum. 29.65 66.93 82.14 91.84 96.69 98.71 99.37 99.69 99.93 99.97 100.00 1
Internet providers: In a survey of 683 homeowners with high-speed Internet, the average monthly cost of a high-speed Internet plan was $75.28 with standard deviation $11.4. Assume the plan costs to be approximately bell-shaped. Estimate the number of plans that cost between $52.48 and $98.08. Round to the nearest whole number. The number of plans that cost between $52.48 and $98.08 is
On average, accountants earn approximately an average of $6500 per year in the United States. Assume that the distribution for electricians’ yearly earnings is normally distributed and that the standard deviation is $8680. Given a sample of 64 electricians, what is the standard deviation for the sampling distribution of the sample mean? a. 1205 b. 8680 c. 6000 d. 1085
Use the magnitudes (Richter scale) of the 120 earthquakes listed in the accompanying data table. Use technology to find the range, variance, and standard deviation. If another value, 8.00, is added to those listed in the data set, do the measures of variation change much? 3.30 2.77 2.80 1.96 1.69 2.54 2.43 3.44 3.92 1.58 2.87 1.63 2.56 3.95 2.50 2.44 1.82 2.19 2.44 2.99 2.92 2.35 1.98 3.06 2.78 3.86 2.95 2.07 1.86 2.36 2.37 3.46 3.45 1.54 2.54 1.49 2.22 3.06 2.27 3.20 1.96 1.91 2.40 2.95 2.61 1.49 2.16 2.33 1.91 2.70 2.92 1.80 3.66 2.69 1.43 3.60 3.13 2.56 1.54 1.41 2.83 2.85 2.20 1.68 3.18 1.38 1.73 2.37 1.15 2.35 2.46 1.81 2.01 3.00 1.94 2.42 1.85 2.24 2.35 3.22 3.97 2.10 1.48 2.31 2.31 2.62 2.55 2.20 2.77 2.46 2.69 3.57 2.84 2.75 3.26 1.74 4.72 3.23 2.36 2.00 3.83 2.41 2.88 2.67 2.32 2.80 2.80 2.40 3.41 2.34 1.49 2.41 2.45 2.50 2.73 2.44 2.78 2.65 2.68 2.43 Without the extra data value, the range is 3.573.57. (Type an integer or…
The Acme Company manufactures widgets. The distribution of widget weights is bell-shaped. The widget weights have a mean of 35 ounces and a standard deviation of 7 ounces. Use the Standard Deviation Rule, also known as the Empirical Rule (see image below). Do not use normalcdf on your calculator. Suggestion: sketch the distribution in order to answer these questions. a) 95% of the widget weights lie between and b) What percentage of the widget weights lie between 14 and 49 ounces? % c) What percentage of the widget weights lie below 42 ? 34% 34% 2.35% 0.15% -3₁ -2s 13.5% 1s 13.5% 2s 2.35% 3s 0.15% %
The incomes of trainees at a local mill are normally distributed with a mean of $1,100 and a standard deviation of $150. What percentage of trainees earn more than $1,300 a month? Group of answer choices 9.18% 40.82% 90.82% 35.31%

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