Question: A large multinational banking company wants to determine whether there is a significant difference in the average dollar amounts purchased by users of different types

A large multinational banking company wants to determine whether there is a significant difference in the average dollar amounts purchased by users of different types of credit cards. Among the credit cards being studied are MasterCard, Visa, Discover, and American Express.
a. If an experimental design were set up for such a study, what are some possible independent variables?
b. List at least three levels, or classifications, for each independent variable.
c. What are some possible dependent variables for this experiment?

Step by Step Solution

3.54 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Type of Card Age of User Economic Class of Cardholder Geographic Region b Type o... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

409-M-S-O-T-P (682).docx

120 KBs Word File

Students Have Also Explored These Related Statistics Questions!