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The recommended minimum credit card payment for a sample of 100 credit card holders is summarized below: Minimum Payment ($) Frequency 15 to under 30 37 30 to under 45 31 45 to under 60 16 60 to under 75 75 to under 90 e/of y a. Estimate the mean minimum payment. Mean: Round to 2 decimal places c. What is the modal class? Modal Class: to st 6 10 b. Using that median class, estimate the median minimum payment Median: d. Describe the shape of the distribution in terms of symmetry/skewness. Skewness: (click to select) The recommended minimum credit card payment for a sample of 100 credit card holders is summarized below: Minimum Payment ($) Frequency 15 to under 30 37 30 to under 45 31 45 to under 60 16 60 to under 75 75 to under 90 e/of y a. Estimate the mean minimum payment. Mean: Round to 2 decimal places c. What is the modal class? Modal Class: to st 6 10 b. Using that median class, estimate the median minimum payment Median: d. Describe the shape of the distribution in terms of symmetry/skewness. Skewness: (click to select)
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a To estimate the mean minimum payment we need to calculate the midpoint of each class and then mult... View the full answer
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date:
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