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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

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