A smart phone manufacturer surveyed 100 retail phone outlets in each of the firm’s sales regions. An analyst noticed that in the South Atlantic region the average retail price was $165 (mean) and the standard deviation was $30.However, in the Mid-Atlantic region the mean price was $170, with a standard deviation of $15.What do these statistics tell us about these two sales regions?
Answer to relevant QuestionsA marketing analytics professional stated that “all information in data comes from variability.” Do you agree? Why or why not? A random number generator and other statistical information can be found at http://www.random.org. Flip some virtual coins. Perform twenty flips with an Aurelian coin. Perform twenty flips with a Constatius coin. Perform ...Data for the average size of a soda (in ounces) at all thirty major league baseball parks are as follows: 14, 18, 20, 16, 16, 12, 14, 16, 14, 16, 16, 16, 14, 32, 16, 20, 12, 16, 20, 12, 16, 16, 24, 16, 16, 14, 14, 12, 14, ...How ethical is it to do business in different countries around the world? An international organization, Transparency International, keeps track of the perception of ethical practices in different countries. Visit the Web ...Find recent examples of news articles from the most recent week involving the use of marketing research in making decisions about each element of the marketing mix. The Wall Street Journal is a good source for such stories.
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