Mathematics, 23.06.2020 23:01 pebble1499
A bank is investigating ways to entice customers to charge more on their credit cards. (Banks earn a fee from the merchant on each purchase, and hope to collect interest from the customers, as well.) A bank selects a random group of customers who are told their "cash back" will increase from 1% to 2% for all charges above a certain dollar amount each month. Of the 500 customers who were told the increase applied to charges above $1000 each month, the average increase in spending was $527 with a standard deviation of $225. Of the 500 customers who were told the increase applied to charges above $2000 each month, the average increase in spending was $439 with a standard deviation of $189. A level C = 95% confidence interval for \mu_1\:-\:\mu_2μ 1 − μ 2 is approximated by Group of answer choices (62.2, 113.8) (86.2, 120.5) (10.3, 23.8) (55.6, 67.8)
Answers: 1
Mathematics, 21.06.2019 18:30, mikey8510
The median of a data set is the measure of center that is found by adding the data values and dividing the total by the number of data values that is the value that occurs with the greatest frequency that is the value midway between the maximum and minimum values in the original data set that is the middle value when the original data values are arranged in order of increasing (or decreasing) magnitude
Answers: 3
A bank is investigating ways to entice customers to charge more on their credit cards. (Banks earn a...
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