The data set provided contains last months credit card purchases of 500 customers randomly chosen from a
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The data set provided contains last month’s credit card purchases of 500 customers randomly chosen from a segment of a major credit card issuer. The Marketing Department is considering a special offer for customers who spend more than $1000 per month on their card. Historically, the percentage has been 11%, and the Finance Department wonders if it has increased. Test the appropriate hypothesis and write your conclusions.
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Related Book For
Business Statistics
ISBN: 9780133899122
3rd Canadian Edition
Authors: Norean D. Sharpe, Richard D. De Veaux, Paul F. Velleman, David Wright
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