For a Sample of 200 Recent Credit-Card Customers of a Company's

question 54

Essay

For a sample of 200 recent credit-card customers of a company's on-line store,the following data are available: the dollar amount of merchandise ordered during the visit,how much time (minutes)the customer spent at the site during the purchase visit,and whether the customer used a Visa,Master Card,or other.Describe the format of a linear regression equation for estimating the dollar amount of the order on the basis of the other variables described above.If any qualitative variables are used,indicate the strategy for coding them.

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Definitions:

Readability

The ease with which a reader can understand and process the text, influenced by factors such as language, structure, and design.

Visual Aids

Materials used to enhance the comprehension or appeal of information being presented, such as charts, graphs, or images.

Documentation

Written or electronic records that provide evidence of activities performed, processes followed, or information obtained, often used for reference, legal compliance, or training purposes.

Legend

A key or explanatory list of symbols and abbreviations used on a map or chart, or a narrative explaining the origins of traditional stories, myths, or history.