Credit card companies will often call cardholders if the pattern of use indicates that the card might
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Credit card companies will often call cardholders if the pattern of use indicates that the card might have been stolen. Let’s say that you charge an average of $280 a month on your credit card, with a standard deviation of $75. The credit card company will call you anytime your purchases for the month exceed the 98th percentile. What is the dollar amount beyond which you’ll g et a call from your credit card company?
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Related Book For
Essentials Of Statistics For The Behavioral Sciences
ISBN: 9781464107771
3rd Edition
Authors: Susan A. Nolan
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