subject
Mathematics, 30.11.2019 05:31 swkgp3cevk

Abank is investigating ways to entice customers to charge more on their credit cards. (banks earn a fee from the merchant on each purchase, and hope to collect interest from the customers as well.) a bank selects a random group of customers who are told their "cash back" will increase from 1% to 2% for all charges above a certain dollar amount each month. of the 500 customers who were told the increase applied to charges above $1000 each month, the average increase in spending was $527 with standard deviation $225. of the 500 customers who were told the increase applied to charges above $2000 each month, the average increase in spending was $439 with standard deviation $189. when testing whether or not the increases in spending are different, the test is significant at alpha. gif =

show work

a. 5%.
b. 1%.
c. 0.5%

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 22.06.2019 00:50
Arectangle has a perimeter of 24 inches. if the width is 5 more than twice the length, what are the dimensions of the rectangle?
Answers: 3
question
Mathematics, 22.06.2019 01:20
Do one of the following, as appropriate: (a) find the critical value z subscript alpha divided by 2 , (b) find the critical value t subscript alpha divided by 2 . 99%; nequals 17; sigma is unknown; population appears to be normally distributed.
Answers: 3
question
Mathematics, 22.06.2019 02:30
Ablue whale traveled 3112 miles in 214hours. what was the whale's rate in yards per hour? (1 mile = 1,760 yards)
Answers: 1
question
Mathematics, 22.06.2019 03:30
What is the value of x in the equation 1/5x - 2/3y = 30 , when y = 15
Answers: 1
You know the right answer?
Abank is investigating ways to entice customers to charge more on their credit cards. (banks earn a...
Questions
question
Mathematics, 09.09.2021 05:40