Step 2 of 2: Calculate the sample standard deviation of the credit card rate charged by the top 100 issuers based on the frequency distribution. Round your answer to two decimal places.
Step 2 of 2: Calculate the sample standard deviation of the credit card rate charged by the top 100 issuers based on the frequency distribution. Round your answer to two decimal places.
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Transcribed Image Text:An article in Business Week discussed the large spread between the federal funds rate and the average credit card rate. The
table below is a frequency distribution of the credit card rate charged by the top 100 issuers.
Credit Card Rates
Credit Card Rate:
19 % -24%
18 % -18.9 %
17% -17.9 %
16 % -16.9 %
15 % -15.9 %
Copy Data
Frequency
22
26
13.
15
24
Transcribed Image Text:An article in Business Week discussed the large spread between the federal funds rate and the average credit card rate. The
table below is a frequency distribution of the credit card rate charged by the top 100 issuers.
Credit Card Rates
Credit Card Rate:
19 % -24%
18 % -18.9 %
17% -17.9 %
16 % -16.9 %
15 % -15.9 %
Copy Data
Frequency
22
26
13.
15
24
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