subject
Mathematics, 20.11.2019 16:31 coolman5999alt

Abank wonders whether omitting the annual credit card fee for customers who charge at least $2400 in a year would increase the amount charged on its credit card. the bank makes this offer to an srs of 250 of its existing credit card customers. it then compares how much these customers charge this year with the amount that they charged last year. the mean increase is $342, and the standard deviation is $108.

(a) is there significant evidence at the 1% level that the mean amount charged increases under the no-fee offer? state math notationand math notation and carry out a t-test.
(b) give a 95% confidence interval for the mean amount of the increase.
(c) the distribution of the amount charged is skewed to the right, but outliers are prevented by the credit limit that the bank enforces on each card. use of the t procedures is justified in this case even though the population distribution is not normal. explain why.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 15:20
(a) (8%) compute the probability of an even integer among the 100 integers 1! , 2! , 3! , until 100! (here n! is n factorial or n*(n-1)*(n-2) *… 1) (b) (16%) compute the probability of an even integer among the 100 integers: 1, 1+2, 1+2+3, 1+2+3+4, …., 1+2+3+… + 99, and 1+2+3+… + 100
Answers: 1
question
Mathematics, 21.06.2019 20:00
How many sides does a regular polygon have if each exterior angle measure is 45 degrees explain your answer, i really don't understand this.
Answers: 1
question
Mathematics, 21.06.2019 20:40
Askate shop rents roller skates as shown on the table below. which graph and function models this situation?
Answers: 1
question
Mathematics, 21.06.2019 21:50
What is the next step in the given proof? choose the most logical approach. a. statement: m 1 + m 2 + 2(m 3) = 180° reason: angle addition b. statement: m 1 + m 3 = m 2 + m 3 reason: transitive property of equality c. statement: m 1 = m 2 reason: subtraction property of equality d. statement: m 1 + m 2 = m 2 + m 3 reason: substitution property of equality e. statement: 2(m 1) = m 2 + m 3 reason: substitution property of equality
Answers: 3
You know the right answer?
Abank wonders whether omitting the annual credit card fee for customers who charge at least $2400 in...
Questions
Questions on the website: 13722367