The histogram shows the December charges (in $) for 5000 customers from one marketing segment from a

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The histogram shows the December charges (in $) for 5000 customers from one marketing segment from a credit card company. (Negative values indicate customers who received more credits than charges during the month.)
a) Write a short description of this distribution (shape, center, spread, unusual features).
b) Would you expect the mean or the median to be larger? Explain.
c) Which would be a more appropriate summary of the center, the mean or the median? Explain.
The histogram shows the December charges (in $) for 5000

December Charge

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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