A major credit card company has determined that customers charge between $100 and $1200 per month.

A major credit card company has determined that customers charge between $100 and $1200 per month. Given that the average monthly charged is uniformly distributed, what percent of monthly charges are between $600 and $889?

asked Nov 16, 2011 in Statistics Answers by anonymous

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1 Answer

[(889 - 600) / (1200 - 100)] x 100%
= [289 / 1100] x 100%
= 0.2627272727... x 100%
= 26.27272727..... %
~ 26.27 %

answered Nov 16, 2011 by anonymous

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A major credit card company has determined that customers charge between $100 and $1200 per month.

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