A local bank issues Visa credit cards. As a part of its annual review of the profitability of each type of credit card, the bank randomly samples 36 customers to measure the average annual charges per card. A random sample of 36 accounts shows the following annual spending per account:

2869

3770

2854

2750

2574

2972

2549

3267

3013

2707

2794

1189

2230

2178

3032

3485

2679

2010

1994

2768

3853

2064

3244

2738

2807

2395

3405

3006

3368

2691

1996

3008

2518

2674

2730

3719

To encourage more use of the card, the company offers a promotion that costs the bank $5 for each card that carries a balance of $3,000 or more. If the bank has 50,000 total customers, what can be stated about the cost of this program to the bank?