Suppose you analyzed the average monthly credit card bill of Visa credit card customers using two randomly selected samples: one with 149 Visa creditcard customers Sample #1) and one with 113 Visa credit card customers Sample #2 Every creditcard customer ampe 1 had a monthly edit adbill of $1,871. Sample #2, on the other hand, had an average monthly credit card bill of $1,807 with a variance of 1,339,644 (S)"2、 if you combined thesesamples into one...Question 2 What would be the combined monthly credit card bill average (in dollars)?$1,843.3969Question ЗАwhat is thecombined monthly credit card bill median (in dollars)?$1,871.0000Question 3BWhat is the shape of the combined monthly credit card bill distribution (in dollars)?Skewed LeftQuestion 4What would be thecombined monthly credit card bill standard deviation (in dollars)?
Help on #4 please.
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Suppose you analyzed the average monthly credit card bill of Visa credit card customers using two randomly selected samples: one with 149 Visa credit card customers Sample #1) and one with 113 Visa credit card customers Sample #2 Every creditcard customer ampe 1 had a monthly edit ad bill of $1,871. Sample #2, on the other hand, had an average monthly credit card bill of $1,807 with a variance of 1,339,644 (S)"2、 if you combined these samples into one... Question 2 What would be the combined monthly credit card bill average (in dollars)? $1,843.3969 Question ЗА what is thecombined monthly credit card bill median (in dollars)? $1,871.0000 Question 3BWhat is the shape of the combined monthly credit card bill distribution (in dollars)? Skewed Left Question 4 What would be thecombined monthly credit card bill standard deviation (in dollars)?
We have to find the combined standard deviation the formula for that is as follows
The formula is as follows
N1 is 149
N2 is 113
Var 1 means variance of first sample which has been taken from morning.Since in this group the amount of every credit is same which is 1871. When amount is same that means there is no variation in amount no variation means variance is 0 and standard deviation is also zero
Var 2 means variance of second group, and that variance is given in question to be 1339644
d1 =(mean of first group or first sample -combined mean)
mean of first group is 1871 and combined mean we found in earlier step...
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