ul 2.6 Global credit cards. There are currently six global credit card companies that allow worldwide usage-Visa, Mastercard, American Express, UnionPay, JCB, and Discover. The table gives a breakdown on the number of purchase transactions for each company in 2018. BALCC Credit Card Visa Mastercard American Express UnionPay JCB Discover Number of Worldwide Transactions (billions) 147.9 75.8 7.5 58.6 3.4 2.5 Source: The Nilson Report, January 2, 2020 a. One of the worldwide credit card transactions in 2018 is selected at random, and the credit card company is determined. What type of data (quantitative or qualita- tive) is measured? b. For each credit card company in the table, calculate the percentage of the 2018 worldwide transactions. c. Use the percentages from part b to construct a relative frequency bar graph for the data summarized in the table. d. Based on the bar graph, make a statement about the most used credit cards worldwide.
ul 2.6 Global credit cards. There are currently six global credit card companies that allow worldwide usage-Visa, Mastercard, American Express, UnionPay, JCB, and Discover. The table gives a breakdown on the number of purchase transactions for each company in 2018. BALCC Credit Card Visa Mastercard American Express UnionPay JCB Discover Number of Worldwide Transactions (billions) 147.9 75.8 7.5 58.6 3.4 2.5 Source: The Nilson Report, January 2, 2020 a. One of the worldwide credit card transactions in 2018 is selected at random, and the credit card company is determined. What type of data (quantitative or qualita- tive) is measured? b. For each credit card company in the table, calculate the percentage of the 2018 worldwide transactions. c. Use the percentages from part b to construct a relative frequency bar graph for the data summarized in the table. d. Based on the bar graph, make a statement about the most used credit cards worldwide.
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
![2.6 Global credit cards. There are currently six global credit
card companies that allow worldwide usage-Visa, Mastercard,
American Express, UnionPay, JCB, and Discover. The table
gives a breakdown on the number of purchase transactions
for each company in 2018.
GLOBALCC
Credit Card
Visa
Mastercard
American Express
UnionPay
JCB
Discover
Number of Worldwide
Transactions (billions)
147.9
75.8
7.5
58.6
3.4
2.5
Source: The Nilson Report, January 2, 2020
a. One of the worldwide credit card transactions in 2018
is selected at random, and the credit card company is
determined. What type of data (quantitative or qualita-
tive) is measured?
b. For each credit card company in the table, calculate the
percentage of the 2018 worldwide transactions.
c. Use the percentages from part b to construct a relative
frequency bar graph for the data summarized in the table.
d. Based on the bar graph, make a statement about the
most used credit cards worldwide.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fd0e5e2ef-4373-4f95-b8d2-9803153f5178%2F41d4c0cc-99e3-4316-8b58-dfa82e41d56a%2Fckdfvd_processed.png&w=3840&q=75)
Transcribed Image Text:2.6 Global credit cards. There are currently six global credit
card companies that allow worldwide usage-Visa, Mastercard,
American Express, UnionPay, JCB, and Discover. The table
gives a breakdown on the number of purchase transactions
for each company in 2018.
GLOBALCC
Credit Card
Visa
Mastercard
American Express
UnionPay
JCB
Discover
Number of Worldwide
Transactions (billions)
147.9
75.8
7.5
58.6
3.4
2.5
Source: The Nilson Report, January 2, 2020
a. One of the worldwide credit card transactions in 2018
is selected at random, and the credit card company is
determined. What type of data (quantitative or qualita-
tive) is measured?
b. For each credit card company in the table, calculate the
percentage of the 2018 worldwide transactions.
c. Use the percentages from part b to construct a relative
frequency bar graph for the data summarized in the table.
d. Based on the bar graph, make a statement about the
most used credit cards worldwide.
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