You work at a bank and are asked to recommend the amount of cash to put in
Question:
(a) Construct a relative frequency histogram for the data. Use 8 classes.
(b) If you put $9000 in the ATM each day, what percent of the days in a month should you expect to run out of cash? Explain.
(c) If you are willing to run out of cash on 10% of the days, how much cash should you put in the ATM each day? Explain.
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Related Book For
Elementary Statistics Picturing The World
ISBN: 9780321911216
6th Edition
Authors: Ron Larson, Betsy Farber
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