User Account

All Pages

Solve case of a major credit card company

Assignment Help Basic Statistics
Reference no: EM131649066

Question: Take the offer. First USA, a major credit card company, is planning a new offer for their current cardholders. The offer will give double airline miles on purchases for the next 6 months if the cardholder goes online and registers for the offer. To test the effectiveness of the campaign, First USA recently sent out offers to a random sample of 50,000 cardholders. Of those, 1184 registered.

a) Give a 95% confidence interval for the true proportion of those cardholders who will register for the offer.

b) If the acceptance rate is only 2% or less, the campaign won't be worth the expense. Given the confidence interval you found, what would you say?

Reference no: EM131649066

Questions Cloud

Everything is changing fast and crisis : Do you think planning becomes more important or less important in a world where everything is changing fast and crisis are a regular part of organizational life
Describe the purpose as the study goals : Identify the purpose of the study. An author may clearly state the purpose of the study or may describe the purpose as the study goals
Environmental complexity for whole foods : Name some factors causing environmental complexity for Whole Foods. How might this environmental complexity lead to organizational complexity?
Business decisions that motivate change : How can critical thinking be applied to business decisions that motivate change?
Solve case of a major credit card company : If the acceptance rate is only 2% or less, the campaign won't be worth the expense. Given the confidence interval you found, what would you say?
Define a family history of skin cancer : a family history of skin cancer. Which of the following statements by the patient warrants further evaluation
Find the true proportion of the entire mailing list : Give a 95% confidence interval for the true proportion of their entire mailing list who may donate.
Explain policy-priority issue of childhood obesity : Discuss the best approach for communicating with the CDC or policymaker in your policy-priority issue of childhood obesity
Explain the clients developmental stage factor : How will you present your recommendation(s) to both the patient and family member(s)? ?What consideration(s) would affect your manner of presentation?

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd