MATH 533 The Bank of Connecticut issues Visa

| September 13, 2018

4. (TCO B) The Bank of Connecticut issues Visa and Mastercard credit cards. The balances on these credit cards follow a normal distribution with a mean of $845 and standard deviation of $270.a. What percentage of balances is below $1,200?b. What percentage of balances is between $600 and $1,000?c. Find the 12th percentile for balance (i.e., find the cutoff for the lowest 12% of balances).

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