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3.14. ABC Credit Card company noticed that the average balance of all ABC credit card users who have missed the minimum payment last month is
3.14. ABC Credit Card company noticed that the average balance of all ABC credit card users who have missed the minimum payment last month is $3742.00 with a standard deviation of $1355.00. a. l.r'll'hen the monthly statement is prepared, they charge a monthly interest of 1.3% for the current balance. Suppose that the statement balance = current balance * 1.013. The average statement balance of all ABC credit card users who missed the minimum payment last month is with a standard deviation of b- Since they missed the minimum payment, all of them are subjected to pay a late fee of $35. Suppose that the new statement balance = {current balance * 1.013) +35. The average statement balance of all ABC credit card users who missed the minimum payment last month is with a standard deviation of
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