Descriptive statistics marilyn norris

Reference no: EM131134660

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.

Reference no: EM131134660

Questions Cloud

Questions appear on an employee survey questionnaire : The following two questions appear on an employee survey questionnaire. Each answer is chosen from the five point scale 1 (never), 2, 3, 4, 5 (always).

Audit universe should be aligned with business objectives : Which of the following BEST describes why the audit universe should be aligned with business objectives?

How does your lesson serve as motivation for learners : How does your lesson serve as motivation for learners? How does your lesson stimulate critical thinking in your students? How does the lesson model a non-threatening environment providing differentiated learning opportunities without isolating stud..

How does the benefit to consumers compare to cost of project : The city would borrow money to finance the project, and the daily payment required to pay off the loan over 20 years would be $8,100. How does the benefit to consumers compare to the cost of the project?

Descriptive statistics marilyn norris : 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 ..

Describes the purpose of the audit committee charter : Which of the following BEST describes the purpose of the Audit Committee Charter?

What are the map distances for the three genes : What are the map distances for the three genes? A correct formula with the values "plugged in" for each distance will be sufficient. What is the coefficient of coincidence? A correct formula with the values "plugged in" will be sufficient

Describes why auditing can be viewed as cyclical process : Which of the following BEST describes why auditing can be viewed as a cyclical process?

What is the net loss from the merger : Compute the consumer loss associated with the merger. How does it compare to the increase in profit? What is the net loss from the merger?

User Account

All Pages