Question: There does not appear to be a significant difference because the average amount in combined checking and savings for customers with greater than 24 months

There does not appear to be a significant
There does not appear to be a significant
There does not appear to be a significant difference because the average amount in combined checking and savings for customers with greater than 24 months (2 years) of association with the bank is $ 2,069.67 and the average amount in combined checking and savings for customers with less than or equal to 24 months (2 years) of association with the bank is $ 2,255.64 (Round to the nearest cent as needed.) b. Apply Pareto analysis to draw conclusions about the combined amount of money in checking and savings accounts. Complete the Pareto analysis table below. (Type an integer or decimal rounded to two decimal places as needed.) Combined Checking % Cumulative % Cumulative % and Savings Customers 12,703 7,095 6,802 3,376 2,873 1,418 1,386 1,229 1,001 Loan Purpose Checking Small Appliance O Furniture 0 New Car 0 Furniture 638 Education 964 Furniture 2,873 New Car 0 Business Small Appliance 6,599 Small Appliance 941 Business 0 New Car 0 Business 346 New Car New Car 4111 Used Car 0 Furniture 672 New Car 702 Repairs 216 Education 284 Months Months Marital Savings Customer Employed Status Job 741 13 12 Single Unskilled 1,229 25 0 Divorced Skilled 392 19 119 Single Management 363 13 14 Single Unskilled 4,838 40 45 Single Skilled 0 11 13 Married Skilled 232 13 16 Married Unskilled 536 14 2 Single Unskilled 496 37 9 Single Skilled 25 4 Divorced Skilled 965 49 Single Management 3,376 11 15 Single Unskilled 579 10 14 Married Skilled 826 25 63 Single Skilled 236 13 26 Single Unskilled 135 31 8 Divorced Management 746 49 4 Divorced Skilled 684 13 33 Single Skilled 0 28 116 Single Skilled 12,419 7 2 Divorced Skilled Credit Risk Low High High High Low Low Low Low High High High Low Low High Low Low High Low Low High There does not appear to be a significant difference because the average amount in combined checking and savings for customers with greater than 24 months (2 years) of association with the bank is $ 2,069.67 and the average amount in combined checking and savings for customers with less than or equal to 24 months (2 years) of association with the bank is $ 2,255.64 (Round to the nearest cent as needed.) b. Apply Pareto analysis to draw conclusions about the combined amount of money in checking and savings accounts. Complete the Pareto analysis table below. (Type an integer or decimal rounded to two decimal places as needed.) Combined Checking % Cumulative % Cumulative % and Savings Customers 12,703 7,095 6,802 3,376 2,873 1,418 1,386 1,229 1,001 Loan Purpose Checking Small Appliance O Furniture 0 New Car 0 Furniture 638 Education 964 Furniture 2,873 New Car 0 Business Small Appliance 6,599 Small Appliance 941 Business 0 New Car 0 Business 346 New Car New Car 4111 Used Car 0 Furniture 672 New Car 702 Repairs 216 Education 284 Months Months Marital Savings Customer Employed Status Job 741 13 12 Single Unskilled 1,229 25 0 Divorced Skilled 392 19 119 Single Management 363 13 14 Single Unskilled 4,838 40 45 Single Skilled 0 11 13 Married Skilled 232 13 16 Married Unskilled 536 14 2 Single Unskilled 496 37 9 Single Skilled 25 4 Divorced Skilled 965 49 Single Management 3,376 11 15 Single Unskilled 579 10 14 Married Skilled 826 25 63 Single Skilled 236 13 26 Single Unskilled 135 31 8 Divorced Management 746 49 4 Divorced Skilled 684 13 33 Single Skilled 0 28 116 Single Skilled 12,419 7 2 Divorced Skilled Credit Risk Low High High High Low Low Low Low High High High Low Low High Low Low High Low Low High

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