Repeat Exercise 17 21 but assume that more information is available
Repeat Exercise 17.21, but assume that more information is available regarding the specific type of credit card that was used for the purchase, that is, Visa, MasterCard, or other.
Repeat exercise
For a sample of 100 recent credit-card customers of a company’s on-line store, the following data are available: the dollar amount of merchandise ordered during the visit, how much time (minutes) the customer spent at the site during the purchase visit, and whether the customer used a Visa credit card. Describe the format of a linear regression equation for estimating the dollar amount of the order on the basis of the other variables described above. If any qualitative variables are used, indicate the strategy for coding them.
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