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 16:20
Find the value of x for which abcd must be a parallelogram -9-6x x-30
Answers: 2
question
Mathematics, 21.06.2019 20:50
The cost of turkey is directly proportional to its weight. if a 12-pount turkey costs $27, how much does a 16-pound turkey cost? a. $33.75 b. $36.00 c. $31.00 d. $32.50
Answers: 3
question
Mathematics, 21.06.2019 23:30
Astraight water slide is 175 feet above ground and is 200 feet long. what is the angle of depression to the bottom of the slide?
Answers: 1
question
Mathematics, 22.06.2019 00:10
Me its important ! marge runs an ice cream parlor. her speciality is triple chocolate sundaes.she can prepare 1 sundae every 2 minutes, and she earns $1.20 for each sundae she makes . if she just makes sundaes for a single shift of at most 4 hours and at least 2 hours , which function relates her earnings to the number of minutes she works?
Answers: 2
You know the right answer?
Abank wonders whether omitting the annual credit card fee for customers who charge at least $2400 in...
Questions
question
History, 01.06.2020 18:57
question
Mathematics, 01.06.2020 18:57
question
French, 01.06.2020 18:57
Questions on the website: 13722367