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A local West Lafayette commercial bank issues Mastercard credit cards. As a part of its annual review of the profitability of each type of credit
A local West Lafayette commercial bank issues Mastercard credit cards. As a part of its annual review of the profitability of each type of credit card, the bank randomly samples 36 customers to measure the average annual charges per card. A random sample of 36 Mastercard accounts shows the following annual spending per account (in USD):
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