Significant difference in the average month-end credit

Reference no: EM13990462

A large multi-branch bank is affiliated with both Mastercard and Visa credit cards. A random sample of 45 Mastercard clients found that their average month-end credit card balance was R922. For a random sample of 66 Visa card clients, their average month-end credit card balance was found to be R828.

Assume that the population of month-end credit card balances for Mastercard and Visa card clients is normally distributed, with population standard deviations of R294 for Mastercard clients and R336 for Visa card clients respectively. Establish at the 5% level of significance whether there is any significant difference in the average month-end credit card balances between Mastercard and Visa card clients.

Reference no: EM13990462

Questions Cloud

What is the estimated going in cap rate : What is the estimated going-in cap rate (Ro) using NOI for the first year of operations? What is estimated net operating income (NOI) for the first year of operations?

Explain the important characteristics of risk management : You are a procurement manager for a company that manufactures and assembles construction equipment. Your supervisor has asked you to develop a new strategy for risk management and procurement management that will offer a competitive advantage in the ..

Discuss which members of society are likely to perceive : Discuss which members of society are likely to perceive the trend you are discussing from which perspective. For example, attending Justin Beiber's movie (or concert) could be understood in a number of different ways using these theories; which me..

Discriminate between average consumers and good consumers : The service industry has become the cornerstone of the US economy. Customer service has become the defining element of many businesses. In today’s market certain industries discriminate between average consumers and “good” consumers (average income a..

Significant difference in the average month-end credit : Establish at the 5% level of significance whether there is any significant difference in the average month-end credit card balances between Mastercard and Visa card clients.

Find out victoria and her friends expected revenue : What concept do Victoria and her friends need to apply to find out their expected revenue? Shows the relationship between the price of a good and the quantity that all consumers together are willing to buy.

Does anyone have a copy of anthro : Does anyone have a copy of Anthro 1020E Barker reading notes?

Implemented on an individual and a business scale : Explain, with an example, how eco-efficiency can be implemented on an individual and a business scale. Your response should be at least 200 words in length

What is the purpose of the article : What is the purpose of the article? What is the thesis of the article? What are the key points/facts presented in the article? What are the conclusions and recommendations? Is the article useful? Why or how? Is the article well-written and easy to un..

User Account

All Pages