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The Independent Bank Surveyed the Status of Student Accounts and Found

question 107

Short Answer

The Independent Bank surveyed the status of student accounts and found that the average overdraft was $21.22 with a standard deviation of $5.49.If the distribution is normal,find the probability of a student being overdrawn by more than $18.75.


Definitions:

Capacity Shortage

A situation where the demand for a product or service exceeds the production capacity of the facilities designed to supply it.

Capacity Shortage

A situation where the demand for a company's goods or services exceeds its ability to produce or supply them, often leading to delivery delays or unsatisfied demand.

Excessive Cancellations

A higher than normal rate of voided orders or terminated services, often indicating problems in business operations or customer satisfaction.

Backup Source

An alternative option or supplier that can be used in case the primary source is unavailable or inadequate.

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