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In: Statistics and Probability

The records of Check$mart Bank show that the average credit card balance of its customers is...

The records of Check$mart Bank show that the average credit card balance of its customers is $3,325 with a standard deviation of $1,500. Assume that the distribution of these credit card balances is approximately normal.

(a) What is the probability that an account balance is less than $2,500?

(b) What is the probability that an account balance is more than $5,000?

(c) What is the probability that an account balance is between $3,000 and $4,000?

(d) 99% of account balances are less than which amount?

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orchestra answered 2 years ago
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