SOLUTION: The bank is considering paying interest to customers carrying average daily balance in excess of a certain amount. If the bank does not want to pay interest to more than 5% of its
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Question 190139This question is from textbook
: The bank is considering paying interest to customers carrying average daily balance in excess of a certain amount. If the bank does not want to pay interest to more than 5% of its customers, what is the minimum average daily balance it should be willing to pay interest on?
Given that p(0
This question is from textbook
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
You need to post the mean and standard deviation
associated with the problem.
Cheers,
Stan H.
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