San Diego State University Operations And Supply Chain Management Assignment Help - Standard

Question - The Webster National Bank is reviewing its service charges and interest-paying policies on checking
accounts. The average daily balance on personal checking accounts is $550, with a standard
deviation of $150. In addition, the average daily balances are normally distributed.
a. W hat percentage of personal checking account customers carry average daily balances in excess
of $800?
b. W hat percentage carry average daily balances below $200?
c. What percentage carry average daily balances between $300 and $700?
d. The bank is considering paying interest to customers carrying average daily balances in excess of
a certain amount. If the bank does not want to pay interest to more than 5% of its customers, what is
the minimum average dai ...Read More ly balance it should be willing to pay interest on? ...Read Less

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