Ask Statistics and Probability Expert

You helped me a few weeks ago on this paper and the data. I had to reevaluate my research question because of the data proving that only 15% of customers will us on my way method. I added an incentive of .050 per package to each customer, however I need help with gathering the data and calculation the mean, central tendency, etc (highlighted in yellow). I need similar data that's been presented but with the .050 cent incentive added. My goal is to see how many individuals will participate in this program to make it successful? Please see me paper and if you can help with this. I can provide more details and information if needed.

Document Preview:

Descriptive Statistics Marilyn Norris QNT/561 July 18, 2016 Descriptive Statistics Online Superstore is a world-wide online retailer with millions of customers in North America alone. Online Superstore struggle daily with shipping costs of each package which in turn has a negative effect on revenue. To solve this problem, Team D is proposing a new method that will help alleviate shipping costs and in turn aid with revenue while still getting customers their packages in a timely manner. Company budgets and yearly reports have shown the increase in shipping costs over the course of time. Through some preliminary research, it was determined that if customers favored the "On My Way" program then Online Superstore will save an average of $1 per item sold. This in turn will aid in shipping costs. However, the issue now is whether or not Online Superstore will have enough customers selecting the "On my Way" option over other options such as "Prime Shipping." The company will research the question, will adding a $0.50 discount for selecting the "On my way" option over other options increase customers to choose this option over the rest? Descriptive Statistics Before the discount will be added, Online Superstore took a random sample from one small city to determine if customers felt that using "On My Way" would be better than other shipping options. The descriptive statistics are listed below for shipping cost averages and customer's preferred methods out of a sample of 100 random people within the city of Tracy, CA without the incentive being offered. Central Tendency: Mean = $7.22 Dispersion: Standard deviation = $4.03 Count: 100 Min/Max: $0.15 and $14.84 Confidence Interval: $6.42 to $8.02 As seen in Appendix B, Fifteen percent of the subjects out of 100 subjects have chosen the "On My Way" method as the shipping method and rest 85% of the subjects have chosen another method, including Prime shipping. Now we need to bring in the.

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M91891178

Have any Question?


Related Questions in Statistics and Probability

Introduction to epidemiology assignment -assignment should

Introduction to Epidemiology Assignment - Assignment should be typed, with adequate space left between questions. Read the following paper, and answer the questions below: Sundquist K., Qvist J. Johansson SE., Sundquist ...

Question 1 many high school students take the ap tests in

Question 1. Many high school students take the AP tests in different subject areas. In 2007, of the 144,796 students who took the biology exam 84,199 of them were female. In that same year,of the 211,693 students who too ...

Basic statisticsactivity 1define the following terms1

BASIC STATISTICS Activity 1 Define the following terms: 1. Statistics 2. Descriptive Statistics 3. Inferential Statistics 4. Population 5. Sample 6. Quantitative Data 7. Discrete Variable 8. Continuous Variable 9. Qualit ...

Question 1below you are given the examination scores of 20

Question 1 Below you are given the examination scores of 20 students (data set also provided in accompanying MS Excel file). 52 99 92 86 84 63 72 76 95 88 92 58 65 79 80 90 75 74 56 99 a. Construct a frequency distributi ...

Question 1 assume you have noted the following prices for

Question: 1. Assume you have noted the following prices for paperback books and the number of pages that each book contains. Develop a least-squares estimated regression line. i. Compute the coefficient of determination ...

Question 1 a sample of 81 account balances of a credit

Question 1: A sample of 81 account balances of a credit company showed an average balance of $1,200 with a standard deviation of $126. 1. Formulate the hypotheses that can be used to determine whether the mean of all acc ...

5 of females smoke cigarettes what is the probability that

5% of females smoke cigarettes. What is the probability that the proportion of smokers in a sample of 865 females would be greater than 3%

Armstrong faber produces a standard number-two pencil

Armstrong Faber produces a standard number-two pencil called Ultra-Lite. The demand for Ultra-Lite has been fairly stable over the past ten years. On average, Armstrong Faber has sold 457,000 pencils each year. Furthermo ...

Sppose a and b are collectively exhaustive in addition pa

Suppose A and B are collectively exhaustive. In addition, P(A) = 0.2 and P(B) = 0.8. Suppose C and D are both mutually exclusive and collectively exhaustive. Further, P(C|A) = 0.7 and P(D|B) = 0.5. What are P(C) and P(D) ...

The time to complete 1 construction project for company a

The time to complete 1 construction project for company A is exponentially distributed with a mean of 1 year. Therefore: (a) What is the probability that a project will be finished in one and half years? (b) What is the ...

  • 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