What is the combined monthly credit card bill median

Assignment Help Basic Statistics
Reference no: EM132105704

Suppose you analyzed the average monthly credit card bill of Visa credit card customers using two randomly selected samples: one with 150 Visa credit card customers (Sample #1) and one with 99 Visa credit card customers (Sample #2). Every credit card customer in Sample #1 had a monthly credit card bill of $1,846. Sample #2, on the other hand, had an average monthly credit card bill of $1,888 with a variance of 1,340,992 ($)^2. If you combined these samples into one...

1) What is the combined monthly credit card bill median (in dollars)?

Professor James took a sample of 195 students from her morning class and a sample of 171 students from her evening class. On Exam 1, all those sampled from the morning class got a 63 while those sampled from the evening class averaged a 67 with a variance of 164. If Professor James combines these two samples ...

2) What is the combined Exam 1 average?

Reference no: EM132105704

Questions Cloud

Normal random variable with a standard deviation : If X is a normal random variable with a standard deviation of 10, then 6X has a standard deviation equal to?
Estimates employee makes about work assignment : Explain the three estimates an employee makes about a work assignment in deciding whether he or she will try harder.
Investigate the effect of price per box on demand : A manufacturer or soap powder conducted an experiment to investigate the effect of price per box on demand.
Lifetimes of light bulbs of a particular type : The lifetimes of light bulbs of a particular type are normally distributed with a mean of 370 hours and a standard deviation of 5 hours.
What is the combined monthly credit card bill median : 1) What is the combined monthly credit card bill median (in dollars)?
What are levels of measurement for the data : Discuss the types of data and variables: Are the data quantitative or qualitative? What are levels of measurement for the data?
Review problem on ethics and whistleblowers : Each of us perceives "ethics" from our own point of reference as to what is or is not ethical. This assignment asks you to consider ethics and whistleblowers.
What is the importance of the degree of freedom : What is the importance of the degree of freedom stats to the chai squared statistic?
Simple linear regression results : What is the correlation between age and LOS based not these results and should the null hypothesis be rejected or considered?

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!

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