Statistics for Business and Economics (13th Edition)
13th Edition
ISBN: 9780134506593
Author: James T. McClave, P. George Benson, Terry Sincich
Publisher: PEARSON
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Textbook Question
Chapter 2.1, Problem 2.6ACB
Top credit card issuers, by region. The Nilson Report (December 2015) published a list of the top 150 credit card issuers worldwide. The issuers (e.g., American Express, MasterCard, Visa) were ranked based on outstanding debt during the year. The table gives a breakdown of the regions in the world served by the top 150 credit card issuers.
- a. One of the top 150 credit card issuers is selected at random, and the region it serves is determined. What type of data (quantitative or qualitative) is measured?
- b. For each region in the table, calculate the percentage of the 150 top credit card issuers that fall into that region.
- c. Use the percentages, 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 regions that most of the top 150 credit card users serve.
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Chapter 2 Solutions
Statistics for Business and Economics (13th Edition)
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