a. Predict the probability that a cardholder who charged $36,000 last year and does not have any

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a. Predict the probability that a cardholder who charged $36,000 last year and does not have any additional credit cards for members of the household will purchase the platinum card during the marketing campaign.
b. Compare the results in (a) with those for a person with additional credit cards.
c. Predict the probability that a cardholder who charged $18,000 and does not have any additional credit cards for other authorized users will purchase the platinum card during the marketing campaign.
d. Compare the results of (a) and (c) and indicate what implications these results might have for the strategy for the marketing campaign.
For Information: Figure 14.13
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Statistics For Managers Using Microsoft Excel

ISBN: 772

7th Edition

Authors: David M. Levine, David F. Stephan, Kathryn A. Szabat

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