Question:

Pilgrim Bank is approached by an organization similar to the AARP. (An individual is eligible for membership in AARP if the person's age exceeds 50 years). Let us call this organization AARP-Lite. AARP-Lite offers to sell a database marketing list of its members to Pilgrim Bank. Retired persons, Pilgrim is told, are often wealthy and have lots of disposable income. Therefore they should represent very profitable bank customers. Before buying the list, Pilgrim decides to conduct an internal analysis to determine if indeed, older persons are more profitable (on average). After contacting the CIO, Pilgrim learns that their database records do not exactly allow a determination of whether a person is over 50 or not. Rather, Pilgrim currently is only able to assign the following codes :

The CIO decides to separate Pilgrim customers into two buckets, those representing age codes 1-6 and those representing age code 7 (i.e., separate Pilgrim customers into Age = 65). Conduct an analysis to determine if there is in fact a significant difference in profitability between these two groups. Ignore missing values in your analysis (i.e., let Excel treat the missing value as is, without any attempt at modifying the missing value in any way).

Answer the following question based upon your analysis:

- WHAT IS THE FINAL VALUE OF THE TEST STATISTIC FOR THIS ANALYSIS (a test statistic is something like a Z-score or an F-value based upon which you will determine statistical significance)

We have now found all values for the five-number summary. lowest value = 5 Q1 = 8 median = 10 Q; = 11.5 highest value = 13 Therefore, we have everything we need to create a box-and-whisker plot of the data. First, draw a horizontal scale to include the highest and lowest values. Begin the box-and-whisker plot by drawing a box from to Then, draw a vertical line through the box at the median level. Finally, draw a horizontal line, or whisker, from the lowest value to and another horizontal line from the highest value to Q3. Select the correct box-and-whisker plot. c) Make a box-and-whisker plot. We have now found all values for the five-number summary. lowest value = 5 Q1 = 8 median = 10 Q; = 11.5 highest value = 13Therefore, we have everything we need to create a box-and-whisker plot of the data. First, draw a horizontal scale to include the highest and lowest values. Begin the box-and-whisker plot by drawing a box from to G3 Then, draw a vertical line through the box at the median level. Finally, draw a horizontal line, or whisker, from the lowest value to and another horizontal line from the highest value to Select the correct box-and-whisker plot.IQuestion Help A modified box-and-whisker plot is a box-and whisker plot that uses symbols to identify outliers. The horizontal line of a modified box-and-whisker plot extends as far as the minimum data entry that is not an outlier and the maximum data entry that is not an outlier. (a) Identity any outliers and (b) draw a modified box-and-whisker plot that represents the data set. 10 15 25 8 10 15 2 13 13 13 10 10 10 11 (a] Identify arry outliers. Select the correct choice below and. If necessary, fill in the answer box to complete your choice. O A. The outlions) is(are) (Type an integer of decimal. Use a comma to separate answers as needed.) O B. There are no outliers. (b) Choose the correct modified box-and-whisker plot below. OA. 10 20 30 10 20 19 20 30\f