A Local Bank Has Determined That the Daily Balances of the Checking

question 53

Essay

A local bank has determined that the daily balances of the checking accounts of its customers are normally distributed with an average of $280 and a standard deviation of $20.
a.What percentage of its customers has daily balances of more than $275?
b.What percentage of its customers has daily balances less than $243?
c.What percentage of its customers' balances is between $241 and $301.60?
​

---

Definitions:

Humanities

Academic disciplines that study aspects of human society and culture, including history, literature, philosophy, and art.

Discourse

A structured way of speaking or writing about a particular subject, often reflecting power relations and societal norms.

Ideology

A composition of notions and convictions, especially one that shapes the groundwork for the theoretical and policy aspects of economics or politics.

Thought Collectives

Groups of individuals who share similar beliefs, values, and practices, influencing each other's thoughts and actions through social interactions.