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8.62 I need help solving the following problem in excel please 8.62 Because of the relatively high interest rates, most consumers attempt to pay off
8.62 I need help solving the following problem in excel please
8.62 Because of the relatively high interest rates, most consumers attempt to pay off their credit card bills promptly. However, this is not always possible. An analysis of the amount of interest paid monthly by a bank's Visa cardholders reveals that the amount is normally distributed with a mean of $27 and a standard deviation of $7. Of nouniveb bish a. What proportion of the bank's Visa cardholders pay more than $30 in interest? b. What proportion of the bank's Visa cardholders no pay more than $40 in interest? c. What proportion of the bank's Visa cardholders 000, pay less than $15 in interest? anon ary OP.8 d. What interest payment is exceeded by only 20% of the bank's Visa cardholders? d ailStep by Step Solution
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