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Before deciding to offer an affinity credit card to alumni of a university, the credit company wants to know a) how many customers will
Before deciding to offer an affinity credit card to alumni of a university, the credit company wants to know a) how many customers will accept the offer and b) how large a balance they will carry? Summary statistics (N=1,000) Number of offers = 1,000 Numbers accepted 140 Proportion who accepted p= 0.14 Average (balance) X = $1,990.50 Standard Deviation(balance) s = $2,83.33
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Stats Data And Models
Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock
4th Edition
321986490, 978-0321989970, 032198997X, 978-0321986498
