The largest number of customers belong to the Urban Location category (44%), followed by those in the Suburban Location category (30%).
The least number of customers belong in the Rural Location category (26%).
The next individual variable considered is Household Size, meaning the number of people living in the household. Size is a quantitative variable. The measures of central tendency and variation along with other descriptive statistics have been calculated for this variable. Descriptive Statistics: AJ DAVIS Customer Data – Household Size Total
The relationship between the variables Income and credit balance is illustrated in the following scatter plot: There is a clear and definite relationship between the two variables, as shown in the scatter plot. There is a linear positive relationship between Income and Credit Balance variables. Where income increases, credit balance also increases. The relationship between the variables Years and Credit Balance is illustrated in the following scatter plot: There is no clear relationship between the two variables in the scatter plot. The points are in no specific pattern, suggesting that there is no ignificant correlation between the variables years and credit balance. It can be concluded that some variables such as Income are strongly related to the credit balance of AJ DAVIS department store customers.
Several other variables appear to be unrelated.The average (mean) number of years lived in the current home is less than 13 years The average number of years in the current home, according to the data, is 12. 260 years with a standard deviation of 5. 086 years. The test statistic calculations found in the appendix, indicate that there is insufficient evidence to indicate that the average number of years lived in the current home is less than 13 years. The p-value of 0. 152 (see appendix for data), supports the failure to reject the null hypothesis since the p value is more than ? =0. 05.
The Term Paper on Credit Card 3
1.0 Background of credit cards The general-purpose credit card was born in 1966 by the Bank of America. Today, Master card and Visa are the well-known international credit card companies in Europe and their cards are accepted in more than 24 million outlets worldwide. Credit cards work to make attractive revenues to credit card companies, banks and retail sales. Nowadays, credit cards have such ...
