Answered step by step
Verified Expert Solution
Question
1 Approved Answer
conduct a Pareto analysis to draw conclusions about the combined amount of money in checking and savings accounts. begin{tabular}{|r|r|r|r|r|} hline Loan Purpose & Checking &
conduct a Pareto analysis to draw conclusions about the combined amount of money in checking and savings accounts.
\begin{tabular}{|r|r|r|r|r|} \hline Loan Purpose & Checking & Savings & MonthsCustomer & CombinedCheckingandSavings \\ \hline Business & 0 & 961 & 49 & 961 \\ \hline Furniture & 659 & 731 & 49 & 1390 \\ \hline Education & 975 & 4,877 & 40 & 5852 \\ \hline Small Appliance & 6,541 & 491 & 37 & 7032 \\ \hline Used Car & 0 & 138 & 31 & 138 \\ \hline Repairs & 204 & 0 & 28 & 204 \\ \hline Furniture & 0 & 1,236 & 25 & 1236 \\ \hline Small Appliance & 985 & 0 & 25 & 985 \\ \hline New Car & 0 & 827 & 25 & 827 \\ \hline New Car & 0 & 388 & 19 & 388 \\ \hline Business & 0 & 524 & 14 & 524 \\ \hline Small Appliance & 0 & 737 & 13 & 737 \\ \hline Furniture & 626 & 341 & 13 & 967 \\ \hline New Car & 0 & 229 & 13 & 229 \\ \hline New Car & 397 & 233 & 13 & 630 \\ \hline New Car & 703 & 688 & 13 & 1391 \\ \hline Furniture & 2,872 & 0 & 11 & 2872 \\ \hline New Car & 0 & 3,522 & 11 & 3522 \\ \hline Business & 325 & 582 & 10 & 907 \\ \hline Education & 295 & 12,431 & 7 & 12726 \\ \hline \end{tabular} savings for customers with less than or equal to 24 months ( 2 years) of association with the bank is $2263. b. Apply Pareto analysis to draw conclusions about the combined amount of money in checking and savings accounts. (Type an integer or decimal rounded to two decimal places as needed.)Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started