Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

The major shopping areas in the community of Springdale include Springdale Mall, West Mall, and the downtown area on Main Street. A telephone survey has been conducted to identify strengths and weaknesses of these areas and to find out how they fit into the shopping activities of local residents. The 150 respondents were also asked to provide information about themselves and their shopping habits. The data are provided in the file SHOPPING. The variables in the survey can be found in the file CODING.

We will concentrate on variables 18-25, which reflect how important each of eight different attributes is in the respondent's selection of a shopping area. Each of these variables has been measured on a scale of 1 ("1" means the attribute is not very important in choosing a shopping area) to 7 ("7" means the attribute is very important in choosing a shopping area). The attributes being rated for importance are listed below. Examining the relative importance customers place on these attributes can help a manager "fine-tune" his or her shopping area to make it a more attractive place to shop.

18 Easy to return/exchange goods
19 High quality of goods
20 Low prices
21 Good variety of sizes/styles
22 Sales staff helpful/friendly
23 Convenient shopping hours
24 Clean stores and surroundings
25 A lot of bargain sales

1.Perform the following operations for variables 18-25:

- A. Obtain descriptive statistics (5-number summary, mean, mode, range and standard deviation) for each variable along with an explanation of what the descriptive statistics tell us about the variable.

- B. Generate a box-and-whisker plot for the variable. Does the distribution appear to be skewed? If so, is the skewness positive or negative? Calculations are easier for a quick check.

2. Based on the results for question 1, which attributes seem to be the most important and the least important in the respondents' choice of a shopping area? Which items from #1 did you use to decide on the least and most important attributes and why?

3.Use their respective coefficients of variation to compare the relative amount of dispersion in variable 29 (number of persons in the household) with that of variable 30 (respondent's age).

4.Determine the coefficient of correlation between variable 29 (number of persons in the household) and variable 30 (age). What percentage of the variation in household size is explained by respondent age?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91617222
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

Please help with the below questionsbased on the following

Please help with the below questions: Based on the following project assumptions, determine the NPV and the IRR for the project. Equipment invoice $300,000 Transportation and installation $ 85,000 Training $ 20,000 Proje ...

A puck company wants to sponsor the players with the 10

A puck company wants to sponsor the players with the 10% quickest goals in hockey games. The times of first goals are normally distributed with a mean of 8.54 minutes and a standard deviation of 4.91 minutes. How fast wo ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. Studies show losses are 30%of the size of the new issue, so how large a ...

Suppose that systolic blood pressure for 35- to

Suppose that systolic blood pressure for 35- to 44-year-olds is normally distributed with mean 125 in mm Hg and standard deviation 10 in mm Hg. What proportion of individuals will have a blood pressure reading between 12 ...

A study discovered that americans consumed an average of

A study discovered that Americans consumed an average of 10.7 pounds of chocolate per year. Assume that the annual chocolate consumption follows the normal distribution with a standard deviation of 3.1 pounds. Complete p ...

In a survey of 3175 adults1487 say they have paid their

in a survey of 3175 adults,1487 say they have paid their bills online in the last year. construct a 99% confidence interval for the population proportion.

Table 1 fasting bloodfbs of group afbs of group

Table 1. Fasting Blood FBS of Group A FBS of Group B 95  90 100 100 125 125 175 200 250  550 1. What is the mean fasting blood sugar value for each group? What is the median? Mode? Group A: mean:145, median: 125, mode: n ...

The probability of someone ordering the daily special is 52

The probability of someone ordering the daily special is 52%. If the restaurant expected 96 people for lunch, how many would you expect to order the daily special?

At a university the probability that an incoming freshman

At a university, the probability that an incoming freshman will graduate within four years is 0.553. Use the normal approximation to estimate, to the nearest thousandth, the probability that (a) at least 60 out of a grou ...

David barnes and his fianceacutee valerie shah are visiting

David Barnes and his fiancée Valerie Shah are visiting Hawaii. There are 38 guests registered for orientation. It is announced that 20 randomly selected registered guests will receive a free lesson of the Tahitian dance. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As