Mathematics, 06.11.2019 20:31 htahir2345
The average annual percentage rate (apr) for credit cards held by u. s. consumers is approximately 15 percent ("ouch - credit card apr now tops 15 percent," time, january 3, 2012). suppose the apr for new credit card offers is normally distributed with a mean of 15% and a standard deviation of 4%. what apr must a credit card charge to be in the bottom 10% of all cards?
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