The midland national bank selected a sample

Assignment Help Management Theories

Reference no: EM131107816

The Midland National Bank selected a sample of 40 student checking accounts. Below are their end-of-the-month balances.

a. Tally the data into a frequency distribution using $100 as a class interval and $0 as the starting point.

b. Draw a cumulative frequency polygon.

c. The bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers.

d. The bank is also considering a service charge to the lowest 10 percent of the ending balances. What would you recommend as the cutoff point between those who have to pay

a service charge and those who do not?

Reference no: EM131107816

Questions Cloud

Compare and contrast two slave narratives : History 221 - African American History Before 1877. Compare and contrast two slave narratives from two different states. Remember to explain what details and experiences these ex-slaves gave in describing the institution of slavery and the practice..

The journal of finance made its content available : The Journal of Finance made its content available on the Internet starting in July of 2005. The table below shows the number of times a monthly version was downloaded and the number of articles that were viewed during each month. Suppose you wish ..

Provide more specific elaboration upon the specific area : In this assignment, students are asked to provide more specific elaboration upon the specific area needing improvement that was identified in the Basic Plan assignment previously.

Two points on given hypothetical demand curve : Would you expect the price elasticity of demand for cars to be more price elastic or more price inelastic than the price elasticity of demand for 2015 model year Subaru Outbacks? Fully explain why. Calculate the price elasticity of demand between two..

The midland national bank selected a sample : c. The bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers.

Which city had larger population in 2009 : Which city had larger population in 2009 and when will the sizes of the populations of the two cities be equal?

What are the four stages of team performance : What are the four stages of team performance? How does effective management of each stage ensure team success? How can managers and team leaders ensure success in situations when physicians are involved? Name the two situations in which most organiz..

Size of the deposits multiplier : If banks choose to operate with a 5 per cent liquidity ratio and receive an extra £100 million of cash deposits: (a) What is the size of the deposits multiplier?

A regression equation that expresses the relationship : Refer to the Buena School bus data. Develop a regression equation that expresses the relationship between age of the bus and maintenance. The age of the bus is the inde- pendent variable

User Account

All Pages