subject
Mathematics, 28.06.2019 10:30 sugar75

21.36 two marketing strategies. credit card companies earn a percent of the amount charged on their credit cards, paid by the stores that accept the card. a credit card company compares two proposals for increasing the amount that its customers charge on their credit cards. proposal 1 offers to eliminate the annual fee for customers who charge $1800 or more during the year on their card. proposal 2 offers a small percent of the total amount charged as a cash reward at the end of the year. the credit card company offers each proposal to an srs of 100 of its existing customers. at the end of the year, the total amount charged by each customer is recorded. here are the summary statistics. group proposal 1 proposal 2 100 $1319 $261 100 $1372 $274 (a) do the data show a significant difference between the mean amounts charged by customers offered the two proposed plans? give the null and alternative hypotheses, and calculate the two-sample t statistic. obtain the p-value, using option 2. state your practical conclusions. (b) the distributions of the amounts charged on credit cards are skewed to the right. however, outliers are prevented by the limits that the credit card companies impose on credit balances. do you think that skewness threatens the validity of the text that you used in part (a)? explain your answer.

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 20.06.2019 18:04
Afudge recipe calls for 1/2 cup of cocoa if only 1/2 of the recipe is made to how much cocoa should you use
Answers: 1
question
Mathematics, 21.06.2019 16:30
Ineed if you could explain and give me the answer you! this needs done
Answers: 1
question
Mathematics, 21.06.2019 21:30
50 people men and women were asked if they watched at least one sport on tv. 20 of the people surveyed are women, but only 9 of them watch at least one sport on tv. 16 of the men watch at least one sport on tv. make a a two-way table and a relative frequency table to represent the data.
Answers: 3
question
Mathematics, 22.06.2019 00:30
What is the value of the discrimination for the quadratic equation 0=×2+2+×2
Answers: 2
You know the right answer?
21.36 two marketing strategies. credit card companies earn a percent of the amount charged on their...
Questions
question
Mathematics, 20.10.2020 07:01
question
History, 20.10.2020 07:01
question
Mathematics, 20.10.2020 07:01
question
Mathematics, 20.10.2020 07:01
Questions on the website: 13722362