Because of the relatively high interest rates, most consumers attempt to pay off their credit card...

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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 banks 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 banks Visa cardholders pay more than 31 dollars in interest? Proportion0.3085 What proportion of the banks Visa cardholders pay more than 36 dollars in interest? Proportion 0.1292 What proportion of the banks Visa cardholders pay less than 16 dollars in interest? Proportion-0.0838 What interest payment is exceeded by only 21% of the banks Visa cardholders? Interest Payment - a. b. c. *d.

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Answer /x-22 12 Dafe 2. tere iwe have to find ouf the value x 2 218 5.9238 2 X 33 fotercaf paymen 33 callo Thu By using Normal distributions with mean is 27 and the variance is 64

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