A regional bank issues different types of credit cards. As part of its annual review of the profitability of each type of credit card, the bank randomly samples 36 customers to measure the average quarterly charges per card. A random sample of 36 accounts from one type of credit card shows the accompanying spending per account (rounded to the nearest dollar). Complete parts a through e below. Data on Credit Card Spending: Credit Card Spending $2,373 $4,197 $3,711 $2,324 $2,782 $2,635 $2,628 $2,968 $2,954 $2,550 $2,401 $1,363 $1,797 $1,993 $2,539 $3,233 $2,855 $1,630 $2,169 $3,249 $3,428 $1,932 $3,067 $2,340 $2,991 $2,245 $3,496 $2,697 $2,983 $3,138 $1,600 $2,852 $2,739 $2,132 $2,885 $3,243 a. Based on these randomly sampled accounts, what is the best point estimate of the true mean quarterly spending for credit card account holders? $ (Round to the nearest cent as needed.)
A regional bank issues different types of credit cards. As part of its annual review of the profitability of each type of credit card, the bank randomly samples 36 customers to measure the average quarterly charges per card. A random sample of 36 accounts from one type of credit card shows the accompanying spending per account (rounded to the nearest dollar). Complete parts a through e below. Data on Credit Card Spending: Credit Card Spending $2,373 $4,197 $3,711 $2,324 $2,782 $2,635 $2,628 $2,968 $2,954 $2,550 $2,401 $1,363 $1,797 $1,993 $2,539 $3,233 $2,855 $1,630 $2,169 $3,249 $3,428 $1,932 $3,067 $2,340 $2,991 $2,245 $3,496 $2,697 $2,983 $3,138 $1,600 $2,852 $2,739 $2,132 $2,885 $3,243 a. Based on these randomly sampled accounts, what is the best point estimate of the true mean quarterly spending for credit card account holders? $ (Round to the nearest cent as needed.)
Big Ideas Math A Bridge To Success Algebra 1: Student Edition 2015
1st Edition
ISBN:9781680331141
Author:HOUGHTON MIFFLIN HARCOURT
Publisher:HOUGHTON MIFFLIN HARCOURT
Chapter11: Data Analysis And Displays
Section11.4: Two-ways Tables
Problem 6E
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A regional bank issues different types of credit cards. As part of its annual review of the profitability of each type of credit card, the bank randomly samples 36 customers to measure the average quarterly charges per card. A random sample of 36 accounts from one type of credit card shows the accompanying spending per account (rounded to the nearest dollar).
Complete parts a through e below.
Data on Credit Card Spending:
Credit Card Spending
$2,373 $4,197 $3,711 $2,324 $2,782 $2,635
$2,628 $2,968 $2,954 $2,550 $2,401 $1,363
$1,797 $1,993 $2,539 $3,233 $2,855 $1,630
$2,373 $4,197 $3,711 $2,324 $2,782 $2,635
$2,628 $2,968 $2,954 $2,550 $2,401 $1,363
$1,797 $1,993 $2,539 $3,233 $2,855 $1,630
$2,169 $3,249 $3,428 $1,932 $3,067 $2,340
$2,991 $2,245 $3,496 $2,697 $2,983 $3,138
$1,600 $2,852 $2,739 $2,132 $2,885 $3,243
$2,991 $2,245 $3,496 $2,697 $2,983 $3,138
$1,600 $2,852 $2,739 $2,132 $2,885 $3,243
a. Based on these randomly sampled accounts, what is the best point estimate of the true mean quarterly spending for credit card account holders?
$
(Round to the nearest cent as needed.)
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