Question
The recommended minimum credit card payment for a sample of 100 credit card holders is summarized below: Minimum Payment ($)Frequency 15 to under 30 37
The recommended minimum credit card payment for a sample of 100 credit card holders is summarized below:
Minimum Payment ($)Frequency
15 to under 30 37
30 to under 45 33
45 to under 60 20
60 to under 75 5
75 to under 90 5
1. Estimate the mean minimum payment.
Mean:
Round to 2 decimal places.
2. Using that median class, estimate the median minimum payment.
Median:
3. What is the modal class?
a) 15 to under 30
b) 30 to under 45
c) 45 to under 60
d) 60 to under 75
e) 75 to under 90
4. Describe the shape of the distribution in terms of symmetry/skewness.
a) Positively Skewed
b) Negatively Skewed
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