subject
Mathematics, 23.07.2020 01:01 Suttyyyyyybear6056

Credit card companies lose money on cardholders who fail to pay their minimum payments. They use a variety of methods to encourage their delinquent cardholders to pay their credit card balances, such as letters, phone calls and eventually the hiring of a collection agency. To justify the cost of using the collection agency, the agency must collect an average of at least $200 per customer. After a trial period during which the agency attempted to collect from a random sample of 100 delinquent cardholders, the 90% confidence interval on the mean collected amount was reported as ($190.25, $250.75). Given this, what recommendation(s) would you make to the credit card company about using the collection agency

ansver
Answers: 2

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
Pls i’m too dumb to know what i’m doing right now
Answers: 1
question
Mathematics, 21.06.2019 19:30
Combine the information in the problem and the chart using the average balance method to solve the problem.
Answers: 2
question
Mathematics, 21.06.2019 23:10
Proportions in triangles solve for x
Answers: 3
question
Mathematics, 21.06.2019 23:30
An engineer scale model shows a building that is 3 inches tall. if the scale is 1 inch = 600 feet, how tall is the actual building?
Answers: 3
You know the right answer?
Credit card companies lose money on cardholders who fail to pay their minimum payments. They use a v...
Questions
question
Spanish, 20.03.2020 07:38
question
Mathematics, 20.03.2020 07:40
Questions on the website: 13722360