c. The bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers. (Round up to the next integer the percentage value.) Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances.$ 404$ 74$ 234$ 149$ 279$ 215$ 123$ 55$ 43$ 321872346848957185141758728637031253504403725227521302127968712503489327608358425303203N 00 CumulativeBalanceFrequencyfrequency|0 up to 10099.100 up to 20015200 up to 300621300 up to 400627400 up to 50032500 up to 600600 up to 70034135700 up to 80038800 up to 900139900 up to 1,000140Total40

The percentage is the representation of expected outcomes from the total outcomes in data. It is…

Answered: he bank considers any student with an…

he bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers. (Round up to the next integer the percentage value.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

c. The bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers. (Round up to the next integer the percentage value.)

Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances.
$ 404
$ 74
$ 234
$ 149
$ 279
$ 215
$ 123
$ 55
$ 43
$ 321
87
234
68
489
57
185
141
758
72
863
703
125
350
440
37
252
27
521
302
127
968
712
503
489
327
608
358
425
303
203
N 00

Cumulative
Balance
Frequency
frequency
|0 up to 100
9
9.
100 up to 200
15
200 up to 300
6
21
300 up to 400
6
27
400 up to 500
32
500 up to 600
600 up to 700
34
1
35
700 up to 800
38
800 up to 900
1
39
900 up to 1,000
1
40
Total
40

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