Take the offer, part II In Chapter 18, Exercise 16, youlearned that First USA, a major credit card company, isplanning a new offer for their current cardholders. FirstUSA will give double airline miles on purchases for thenext 6 months if the cardholder goes online and registersfor this offer. To test the effectiveness of this campaign,the company recently sent out offers to a random sampleof 50,000 cardholders. Of those, 1184 registered. A staff member suspects that the success rate for the full cam-paign will be comparable to the standard 2% rate that they are used to seeing in similar campaigns. What doyou predict?a) What are the hypotheses?b) Are the assumptions and conditions for inference met?c) Do you think the rate would change if they use thisfundraising campaign? Explain.

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