mu= 27
sigma= 6
X= 29
Z=(X-mu)/sigma
=(29-27)/6
0.333333
probability =P(Z>0.3333)
=0.369441
rounded =0.3694
........................
if you have doubt ask in comment give thumbs up if you like work
Please do part A (1 pt) Because of the relatively high interest rates, most consumers attempt...
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 29 dollars and a standard deviation of 6 dollars. A. What proportion of the bank's Visa cardholders pay more than 33 dollars in interest? Proportion - B. What proportion of the...
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 26 dollars and a standard deviation of 9 dollars. A. What proportion of the bank's Visa cardholders pay more than 28 dollars in interest? Proportion = B. What proportion of the...
(1 point) 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 25 dollars and a standard deviation of 9 dollars. A. What proportion of the bank's Visa cardholders pay more than 27 dollars in interest? Proportion = B. What proportion...
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 a. What proportion of the bank's Visa cardholders pay more than 31 dollars in interest? Proportion - b. What proportion of the...
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 26 dollars and a standard deviation of 9 dollars. A. What proportion of the bank's Visa cardholders pay more than 30 dollars in interest? Proportion = B. What proportion of the...
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 What proportion of the bank's Visa cardholders pay more than 31 dollars in interest? Proportion0.3085 What proportion of the bank's Visa cardholders...
(1 point) 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 28 dollars and a standard deviation of 9 dollars. A. What proportion of the bank's Visa cardholders pay more than 32 dollars in interest? Proportion = B. What proportion...
POM CUCI 1. Because of monopoly, consumers experience___than they do with perfect competition. A. more choices B. larger quantities C. higher quality D. higher prices 2. Which statement concerning monopoly is TRUE? A. Monopoly firms are always larger than are perfectly competitive firms. B. A monopoly has no rivals. C. Barriers to entry do not prevent other firms from entering a monopolized industry. D. Monopolists produce more output than does a competitive market with the same demand and cos structure....
This week we study how consumers make decisions to maximize their benefit (most satisfaction, biggest "bang for a buck"). But what if decisions are made for us as it is the case with gifts? Do gifts maximize our benefit? Is there more to gifts than just monetary value? Earlier this week, Waldfogel was at it again in a webcast for members of the media that was sponsored by the National Science Foundation. Here is just some of his math: Americans...
Please answer all questions
Question 30 1 pts Solve the problem. To help consumers assess the risks they are taking, the Food and Drug Administration (FDA) publishes the amount of nicotine found in all commercial brands of cigarettes. A new cigarette has recently been marketed. The FDA tests on this cigarette yielded mean nicotine content of 24.4 milligrams and standard deviation of 2.2 milligrams for a sample of r9 cigarettes. Construct a 95% confidence interval for the mean nicotine content...