The Most Profitable Credit Card Customers for a Bank Are

question 136

Multiple Choice

The most profitable credit card customers for a bank are those that:

• A)use their credit card frequently.
• B)pay off any charges incurred within a few days.
• C)charge at least $10,000 per year.
• D)use their credit card as a source of installment loans.
• E)None of the options is correct

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Definitions:

Null Hypothesis

An assertion for statistical testing that presupposes no significant difference or correlation between specified groups or variables.

Statistical Evidence

Quantitative data used to support or refute a hypothesis or to estimate the truth of a parameter.

Confidence Interval

A range of values, derived from sample statistics, that is believed to contain the value of an unknown population parameter with a certain level of confidence.

Level Of Significance

The threshold used in statistical tests to determine if a result is statistically significant, indicating the probability of the result occurring by chance.