Report to your boss that briefly describes the results

Assignment Help Business Management
Reference no: EM131110255 , Length:

Case

Risk: Frequency Distribution, Probabilities, and Expected Value

Assignment Overview

In the Module 2 Case, you are again engaged on a consulting basis by Buddy's Floor Barn. This time, in order to get a better idea of what might have motivated customers' buying habits you are asked to analyze the ages of the customers who have purchased oak flooring over the past 12 months. Past research done by the Excellent Consulting Group has shown that different age groups buy certain products for different reasons. Buddy's Floor Barn has sent a survey to 200 customers who have previously purchased oak premium flooring, and 124 customers have responded. The survey includes age data of past customers who purchased oak flooring in the past year.

Case Assignment

Using Excel, create a frequency distribution (histogram) of the age data that was captured from the survey. You should consider the width of the age categories (e.g., 5 years, 10 years, or other). That is, which age category grouping provides the most useful information? Once you have created this histogram, determine the mean, median, and mode.

After you have reviewed the data, write a report to your boss that briefly describes the results that you obtained. Make a recommendation on how this data might be used for marketing purposes.

Data: Download the Excel-based data file with the age data of the 124 customers: Data chart for BUS520 Case 2. Use these data in Excel to create your histogram.

Assignment Expectations

Excel Analysis

- Accurate and complete analysis in Excel using the Histogram function.

Written Report

- Length requirements: 4-5 pages minimum (not including Cover and Reference pages). NOTE: You must submit 4-5 pages of written discussion and analysis. This means that you should avoid use of tables and charts as "space fillers."

- Provide a brief introduction to/background of the problem.

- Provide a written analysis that supports your Histogram age groups (bins).

- Based on your analysis of the histogram data, provide complete and meaningful recommendations as the data relates to Buddy's Floor Barn marketing strategy.

Attachment:- Module 2 Case.rar

Verified Expert

Reference no: EM131110255

Questions Cloud

Deadweight loss arises because : An overallocation of resources in an industry means that for the last unit produced, In long-run perfectly competitive equilibrium, economic efficiency is achieved because. The desire to have government intervene to correct market failure and establi..
Two semi infinite plates of glass : Nick has two semi-infinite plates of glass (refractive index 1.5) which are initially in contact along a common plane. A monochromatic s-polarized plane wave of wavelength 0.5pm is incident on the common plane at an angle of 60 degrees relative to th..
Briefly describe each of the following types of mergers : Briefly describe each of the following types of mergers: (a) Horizontal,(b) Vertical, (c) Congeneric, and (d) Conglomerate.
Retirement goals-propose recommendations on how to optimize : You have been hired as a Financial Advisor to review Charles and Susan’s retirement goals and propose recommendations on how to optimize their savings. Write recommendations based on the answers for 1-7 or propose a new plan on how the Smiths can rea..
Report to your boss that briefly describes the results : Write a report to your boss that briefly describes the results that you obtained. Make a recommendation on how this data might be used for marketing purposes.
Used for qualified education expenses : Some of the benefits of having a Roth IRA is, that you can withdrawal money for college from your Roth IRA if you have to. While you can withdrawal your investment to fund college education expenses, there are a few limitations that you must consider..
Briefly describe each of the following motives for merging : Briefly describe each of the following motives for merging: (a) Growth or diversification, (b) Synergy, (c) Fundraising, (d) Increased managerial skill or technology, (e) Tax considerations, (f) Increased ownership liquidity,and (g) Defense against t..
Certain amount of work free as a public service : Traditionally, lawyers are expected to offer a certain amount of work free as a public service, such work being described as pro bono publico (Latin: "for the public good"). Should the programming profession have a similar expectation of its member..
What is the total obligation under capital leases : What is the total rental expense reported for leasing activity for the year ended December 29, 2007, for Tasty Baking Company?

Reviews

Write a Review

 

Business Management Questions & Answers

  Cultural challenges into opportunities

An American of Czech origin and a franchiser for Chicago Style Pizza, I have decided to expand his business into the Czech Republic.

  Technology base training methods

You have reviewed your work to date with many members of senior management. They are concerned that new workers will spend their 1st few weeks in classroom and not on the job.

  What benefits does schaffer hope to achieve from outsourcing

What benefits does Schaffer hope to achieve from outsourcing its IT infrastructure?

  What information needed to investigate the opportunity

Discuss what information would the organization require in order to investigate the opportunity and determine the risks that the organization could face by attempting to capitalize on the opportunity?

  Create a plan that outlines a research study

Create a plan that outlines a research study and the assoicated qualitataive methods you will use to analyzs thee data collected in the research study

  Calculate the cost of trade credit

The credit terms offered to your firm by a supplier are 2.8/6 net 30. Calculate the cost of trade credit if your firm does not take the discount and pays on day 30.

  Your firm is experiencing growing pains from its

your firm is experiencing growing pains from its development into a multinational corporation. the work that needs to

  Research in operation management about general electric

Research in operation management about General Electric Company and discuss about history of the company and operation/process design.

  Basic five styles for the purpose of personal advancement

Blake and his colleagues identified two other styles of leadership that incorporate multiple aspects of the Leadership Grid. What style refers to a leader who uses any combination of the basic five styles for the purpose of personal advancement?

  Explain the management-research question hierarchy

Explain the management-research question hierarchy process of sequential question formulation leads a manager or researcher from management dilemma to investigative questions.

  Lawyer had provided ten hours of legal services

he oral agreement between Tom and Amy was binding on both Sub Corp. and Main Corp. Amy became dissatisfied with Lawyer's representation, discharged Lawyer and demanded the return of her $10,000 retainer. Lawyer refused on the ground that pursuant to ..

  Sugar cane sweet plantation grew during the coming season

Candy Inc contracted an agreement with Sweet Plantation. Under the contract Candy Inc. agreed to purchase wholly the sugar cane Sweet Plantation grew during the coming season

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd