Question: $ 4 3 4 9 1 4 1 8 1 4 3 5 6 2 3 0 1 3 9 1 1 3 8 9

$ 4349141814356230139113890509
78657365849525166975310307119
280946485460659625414563365194
802545808619221908799768890142
a. Tally the data into a frequency distribution using $100 as a class interval and $0 as the starting point.
Balance Frequency Cumulative Frequency
0 to under 100
5
5
100 to under 200
7
12
200 to under 300
5
17
300 to under 400
6
23
400 to under 500
6
29
500 to under 600
5
34
600 to under 700
5
39
700 to under 800
1
40
800 to under 900
3
43
900 to under 1000
2
45
Total
45
b. Not available in Connect.
c. The bank considers any student with an ending balance of $400 or more a "preferred customer." Estimate the percentage of preferred customers. (Round up the answer to the nearest whole percentage.)
Percentage
55
%
d. The bank is also considering a service charge to the lowest 10% 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?
Less than $50

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