36. 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?
36. 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?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question

Transcribed Image Text:X
Recent
SNE
Chapter 16: Exercises
KULJA
ENER
may donate.
b. A staff member thinks that the true rate is 5%. Given the confidence interval
found, do you find that percentage plausible?
you
36. 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?
37. Teenage drivers An insurance company checks police records on 582 accidents
TD -

Transcribed Image Text:24. Does your doctor know? A survey of articles from the New England Journal of Medicine (NEJM)
classified them according to the principal statistics methods used. The articles recorded were all
noneditorial articles appearing during the indicated years. Let's just look at whether these articles
used statistics at all.
No Stats
Stats
Total
1978-79
90
242
Chapter 22: Exercises
332
Publication Year
1989
14
101
115
701 0
2004-05
40
271
311
Total
144
614
758
E
Dec 24
TD -
11:09
2
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