A credit card company is trying to determine whether people who own different types of credit cards typically carry different balances, on average. A random sample of people with Visa, Mastercard, and American Express cards is selected. Cardholders are enticed into revealing the balance on their most recent monthly statements with a contest that would allow them to win the amount of their most recent credit card bill.
Histograms of the sample data are shown below in Exhibit 11.28.
Are the conditions for ANOVA met? Are the most recent average monthly balances for the three credit cards different?

  • CreatedJuly 12, 2015
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