The histogram shows the December charges (in $) for 5000 customers from one marketing segment from a

Question:

The histogram shows the December charges (in $) for 5000 customers from one marketing segment from a credit card company. (Negative values indicate customers who received more credits than charges during the month.)

a) Write a short description of this distribution (shape, center, spread, unusual features).

b) Would you expect the mean or the median to be larger?

Explain.

c) Which would be a more appropriate summary of the center, the mean or the median? Explain.

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Business Statistics

ISBN: 9780321716095

2nd Edition

Authors: Norean D. Sharpe, Paul F. Velleman, David Bock, Norean Radke Sharpe

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Question Posted: Sep 06, 2024 11:01 AM

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The histogram shows the December charges (in $) for 5000 customers from one marketing segment from a

Question:

Frequency 800 600 400 200 -1000 0 1000 2000 3000 4000 5000 December Charge

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Business Statistics

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