3
QuizMultiple Choice

Modeling for Business: Part Two — Test

Question 3 • Financial Math

What does the standard deviation of 4 purchases per month for loyalty program members suggest about their buying behavior?

Answer
A
All customers who are part of the loyalty program make exactly 10 purchases per month.
B
There was significant variation in the number of purchases made by loyalty program customers.
C
The program did not affect customer purchases.
D
Most customers made fewer than 6 purchases per month.
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What does the standard deviation of 4 purchases…