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In June 2009, the average Australian credit card account balance was $3,127, according to data extracted Assuming that these balances are approximately Normally distributed with a mean of $3,127 and a standard deviation of $1,500:
(a) Find the probability that an account balance is less than $2,000. Use a diagram!
Clearly indicate any properties of the Normal distribution that you are using to facilitate your calculation.
(b) One quarter of credit card accounts carry at least what balance? Use a diagram!
(c) Suppose that 100 credit card account balances are randomly selected. What is the probability that the average account balance in this sample is greater than $3,200? Use a diagram! What quantity must be approximately Normal for this calculation?
they gave me n=30 and p=.23 to get the answers for P(20,x,23)= and P(x.23)=
_______ 1. F''s share of income from various sources is as follows for the current year: Source F''s Share of Entity''s Net Income F''s Share of Distributions ABC Partnership after
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Less than 5 yrs 22 5-10 18 10-20 5 20-30 4 More than 30 1
difference between historigrams and histogram
X Ltd had 100000 9% redeemable preference shares of Rs.100 each full paid. The company decided to redeem these pref. shares at par by issue of sufficient number of equity shares of
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Semiannual coupon = 10%*$100/2 = $5 Since it is one-year semiannual bond, it pays two coupons, one at six months from now and the other at maturity when the bank account will be
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