Help! I dont understand this statistics problem at all!
User Generated
qnvflerarr
Mathematics
Description
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.
This question has not been answered.
Create a free account to get help with this and any other question!
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Most Popular Content
7 pages
20190101202558intermediate Alg Exam 2
Answer the following questions. Show all work necessary to receive partial credit. Determine if the relation illustrated i ...
20190101202558intermediate Alg Exam 2
Answer the following questions. Show all work necessary to receive partial credit. Determine if the relation illustrated is a function. Give the ...
Precalculus Worksheet
Don't do both of these worksheets. You can choose one or the other. You can choose which ever one you think will be easier ...
Precalculus Worksheet
Don't do both of these worksheets. You can choose one or the other. You can choose which ever one you think will be easier. It's completely up to you.
Descriptive statistics
Please answer the following questions: If you were given a large data set (i.e., sales over the last year of our top 100 c ...
Descriptive statistics
Please answer the following questions: If you were given a large data set (i.e., sales over the last year of our top 100 customers), what might you be able to do with these data? What might be the benefits of describing the data?This is an example post the professor posted, just to have an idea what professor wants:Example Post:We have to look at the different groups of costumers that buy our products. We can select and divide these groups into categories, for example:What percentage of this data are males?What percentage of this data are females?What percentage are young customers?What percentage of females’ vs males buying certain products?What is the tendency of young buyers?What are the ages of the different costumers?Which locations have the most sales?What are the buying behaviors the costumers have?What costumers buy more frequently?What is the frequency in which costumers buy?What are the ages of the different costumers?What is the product that sells the most? What is the frequency of that particular product being bought by each gender?What are the geographies of the different groups of costumers, by knowing this the company can map potential customers, identifying costumer concentration.By having the knowledge of a particular scenario one can focus his or her products based on what is being sought after. We can organize and describe this data and make a frequency distribution table in which, the costumer’s age can placed in groups or classes determining the frequency; For example, how many costumers from ages 10 to 20 years do we have? How often they buy a product? What kind of products they buy? What is the age group with more frequency of buying certain products? Therefore, allowing the company to canalize its products to specific ages. Another way to organize and visualize this data is to draw a histogram in which the X- axis, is the different age’s groups and the Y- axis is the frequency; this will help the company to find the average age in this data (mean). Through this histogram data vary (range) can be determined. All of this information will aid the company in marketing its products more efficiently. By graphical analysis the company can determine the number of classes, estimate the frequency of the class with the least frequency, and estimate the frequency of the class with the greatest frequency. Having all these information will help the company to measure the data and at the same time visualize the future of its market. Also the organization of this data allows the analyzer to see if specific products sell better at certain times of the year. We can focus which items these 100 customers are not buying, this is important and helpful when deciding the par level of these items. Another way is to use a frequency chart divided in 12 classes equivalent to the months of the year. In this case, the frequency is the number of purchases for each month. If I plotted this data into a histogram I can show the highest months for profit. This is a good way to visualize in order to make easier comparisons. I can use a stem-and-leaf plot to look at the amount of money spent in the entire year. For example, if $411 is the lowest amount spent and $1250 is the highest amount spent, the stem values could range from 4 to 12. By create the plot, we list these stems to the left of a vertical line (Larson & Farber, 2015). This can show any patterns in the amounts of money my top customers spent. Another way is to select a random sample of my top customers and put together a dot plot for the products they bought, this way to see which products are the top sellers; this will be very helpful to increase my sales.To decide future inventory selection, it will be important to collect data pertinent to dates of the purchases, which items were purchase and the quantity of each product.
RSCH 665: Analysis of Variance
Instructions:Create a new document that contains your solutions to the problem.What is needed for this assignment: MUST I ...
RSCH 665: Analysis of Variance
Instructions:Create a new document that contains your solutions to the problem.What is needed for this assignment: MUST INCLUDE1.Explanation of what Analysis of Variance is, in reference to the problem2. A breakdown of the problem and how the answer was achieved.3. Must also include a detailed GRAPH
Walden University Statistics Worksheet
For this Assignment, you will examine statistical significance and meaningfulness based on sample statements.To prepare fo ...
Walden University Statistics Worksheet
For this Assignment, you will examine statistical significance and meaningfulness based on sample statements.To prepare for this Assignment:Review the Week 5 Scenarios found in this week’s Learning Resources and select two of the four scenarios for this Assignment. For additional support, review the Skill Builder: Evaluating P Values and the Skill Builder: Statistical Power, which you can find by navigating back to your Blackboard Course Home Page. From there, locate the Skill Builder link in the left navigation pane.For this Assignment:Critically evaluate the two scenarios you selected based upon the following points:Critically evaluate the sample size.Critically evaluate the statements for meaningfulness.Critically evaluate the statements for statistical significance.Based on your evaluation, provide an explanation of the implications for social change.Use proper APA format and citations, and referencing.
Similar Content
mathematics..
need answer the question in file below ...
What is the 5 digit number? Math homework help
will is playing a math game. He needs help to use the following clues to write a 5 digit number: 1.The number consist...
Algebra: divide by rationalizing denominator
...
Related Tags
Book Guides
Hiroshima
by John Hersey
Sounds Like Titanic
by Jessica Chiccehito Hindman
The Russian Hoax
by Gregg Jarrett
Unf*ck Yourself
by Gary John Bishop
Calypso
by David Sedaris
The Picture of Dorian Gray
by Oscar Wilde
Orphan Train
by Christina Baker Kline
Gone with the Wind
by Margaret Mitchell
Hidden Figures
by Margot Lee Shetterly
Get 24/7
Homework help
Our tutors provide high quality explanations & answers.
Post question
Most Popular Content
7 pages
20190101202558intermediate Alg Exam 2
Answer the following questions. Show all work necessary to receive partial credit. Determine if the relation illustrated i ...
20190101202558intermediate Alg Exam 2
Answer the following questions. Show all work necessary to receive partial credit. Determine if the relation illustrated is a function. Give the ...
Precalculus Worksheet
Don't do both of these worksheets. You can choose one or the other. You can choose which ever one you think will be easier ...
Precalculus Worksheet
Don't do both of these worksheets. You can choose one or the other. You can choose which ever one you think will be easier. It's completely up to you.
Descriptive statistics
Please answer the following questions: If you were given a large data set (i.e., sales over the last year of our top 100 c ...
Descriptive statistics
Please answer the following questions: If you were given a large data set (i.e., sales over the last year of our top 100 customers), what might you be able to do with these data? What might be the benefits of describing the data?This is an example post the professor posted, just to have an idea what professor wants:Example Post:We have to look at the different groups of costumers that buy our products. We can select and divide these groups into categories, for example:What percentage of this data are males?What percentage of this data are females?What percentage are young customers?What percentage of females’ vs males buying certain products?What is the tendency of young buyers?What are the ages of the different costumers?Which locations have the most sales?What are the buying behaviors the costumers have?What costumers buy more frequently?What is the frequency in which costumers buy?What are the ages of the different costumers?What is the product that sells the most? What is the frequency of that particular product being bought by each gender?What are the geographies of the different groups of costumers, by knowing this the company can map potential customers, identifying costumer concentration.By having the knowledge of a particular scenario one can focus his or her products based on what is being sought after. We can organize and describe this data and make a frequency distribution table in which, the costumer’s age can placed in groups or classes determining the frequency; For example, how many costumers from ages 10 to 20 years do we have? How often they buy a product? What kind of products they buy? What is the age group with more frequency of buying certain products? Therefore, allowing the company to canalize its products to specific ages. Another way to organize and visualize this data is to draw a histogram in which the X- axis, is the different age’s groups and the Y- axis is the frequency; this will help the company to find the average age in this data (mean). Through this histogram data vary (range) can be determined. All of this information will aid the company in marketing its products more efficiently. By graphical analysis the company can determine the number of classes, estimate the frequency of the class with the least frequency, and estimate the frequency of the class with the greatest frequency. Having all these information will help the company to measure the data and at the same time visualize the future of its market. Also the organization of this data allows the analyzer to see if specific products sell better at certain times of the year. We can focus which items these 100 customers are not buying, this is important and helpful when deciding the par level of these items. Another way is to use a frequency chart divided in 12 classes equivalent to the months of the year. In this case, the frequency is the number of purchases for each month. If I plotted this data into a histogram I can show the highest months for profit. This is a good way to visualize in order to make easier comparisons. I can use a stem-and-leaf plot to look at the amount of money spent in the entire year. For example, if $411 is the lowest amount spent and $1250 is the highest amount spent, the stem values could range from 4 to 12. By create the plot, we list these stems to the left of a vertical line (Larson & Farber, 2015). This can show any patterns in the amounts of money my top customers spent. Another way is to select a random sample of my top customers and put together a dot plot for the products they bought, this way to see which products are the top sellers; this will be very helpful to increase my sales.To decide future inventory selection, it will be important to collect data pertinent to dates of the purchases, which items were purchase and the quantity of each product.
RSCH 665: Analysis of Variance
Instructions:Create a new document that contains your solutions to the problem.What is needed for this assignment: MUST I ...
RSCH 665: Analysis of Variance
Instructions:Create a new document that contains your solutions to the problem.What is needed for this assignment: MUST INCLUDE1.Explanation of what Analysis of Variance is, in reference to the problem2. A breakdown of the problem and how the answer was achieved.3. Must also include a detailed GRAPH
Walden University Statistics Worksheet
For this Assignment, you will examine statistical significance and meaningfulness based on sample statements.To prepare fo ...
Walden University Statistics Worksheet
For this Assignment, you will examine statistical significance and meaningfulness based on sample statements.To prepare for this Assignment:Review the Week 5 Scenarios found in this week’s Learning Resources and select two of the four scenarios for this Assignment. For additional support, review the Skill Builder: Evaluating P Values and the Skill Builder: Statistical Power, which you can find by navigating back to your Blackboard Course Home Page. From there, locate the Skill Builder link in the left navigation pane.For this Assignment:Critically evaluate the two scenarios you selected based upon the following points:Critically evaluate the sample size.Critically evaluate the statements for meaningfulness.Critically evaluate the statements for statistical significance.Based on your evaluation, provide an explanation of the implications for social change.Use proper APA format and citations, and referencing.
Earn money selling
your Study Documents