Below is a table of average sale information that a local small grocery store has collected from
Question:
a) Use Market Basket Analysis (Support, Confidence, and Lift) to compare two cases.
Case 1: Consumer who bought potato chips also bought milk
Case 2: Consumer who bought soda also bought milk
b) What does the result in a) imply? Please interpret the results in a).
c) Based on the results in a), suggest a strategy which the store owner could implement to increase sales of milk?
Transcribed Image Text:
Total 50 Beer Milk Pot. Chips Soda Diapers items 10 12 9. 12 Beer 2. 1. 4 3 3 Pot. Chips 3 2. 2. Milk Diapers Soda 9, 2.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 72% (11 reviews)
a Use Market Basket Analysis Support Confidence and Lift to compare two cases Case 1 Consumer who bo...View the full answer
Answered By
Atuga Nichasius
I am a Highly skilled Online Tutor has a Bachelor’s Degree in Engineering as well as seven years of experience tutoring students in high school, bachelors and post graduate levels. I have a solid understanding of all learning styles as well as using asynchronous online platforms for tutoring needs. I individualise tutoring for students according to content tutoring needs assessments.
My strengths include good understanding of all teaching methods and learning styles and I am able to convey material to students in an easy to understand manner. I can also assists students with homework questions and test preparation strategies and I am able to help students in math, gre, business , and statistics
I consider myself to have excellent interpersonal and assessment skills with strong teaching presentation verbal and written communication
I love tutoring. I love doing it. I find it intrinsically satisfying to see the light come on in a student's eyes.
My first math lesson that I taught was when I was 5. My neighbor, still in diapers, kept skipping 4 when counting from 1 to 10. I worked with him until he could get all 10 numbers in a row, and match them up with his fingers.
My students drastically improve under my tutelage, generally seeing a two grade level improvement (F to C, C to A, for example), and all of them get a much clearer understanding!
I am committed to helping my students get the top grades no matter the cost. I will take extra hours with you, repeat myself a thousand times if I have to and guide you to the best of my ability until you understand the concept that I'm teaching you.
5.00+
2+ Reviews
10+ Question Solved
Related Book For
Introduction to Operations Research
ISBN: 978-1259162985
10th edition
Authors: Frederick S. Hillier, Gerald J. Lieberman
Question Posted:
Students also viewed these Cost Accounting questions
-
Below is a table of some inflation targeting countries and the years in which they adopted the practice: Country Year of adoption New Zealand................................1990...
-
Below is a table for the present value of 1 at Compound interest Below is a table for the present value of an annuity of $1 at compound interest. Using the tables above, what is the present value of...
-
Below is a table similar to Table 6-3 that contains eight sports sedan nameplates. You can perform a rudimentary analysis along the lines of multidimensional scaling by ranking them by similarity. Do...
-
2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Advertising relationship to Net Sales (show work) and report your comparison of...
-
At which points on the curve y = 1 + 40x3 3x5 does the tangent line have the largest slope?
-
A uniformly charged ring of radius 10.0 cm has a total charge of 56.0 C. Find the electric field on the axis of the ring at the following distances from the center of the ring. (Choose the x-axis to...
-
In your audit of the Whitestable Company's December 31, 1999 financial statements, you become aware of the following controls or procedures over investments, debt, and equity: a. On June 15, 1999,...
-
Cedar Springs Company completed the following selected transactions during June 2014: June 1. Established a petty cash fund of $1,000. 12. The cash sales for the day, according to the cash register...
-
Given the standard form for a straight line (y=mx + b) and Eq. 7, we can assume m = (L k Q 2 )/mg. Measure the length L and let g = 9.8 m/s2 and k = 9.0 x 109 N-m2 /C2 . For the mass of the puffs and...
-
Google is considering a project to move a fraction of its workforce out of Silicon Valley to a cheaper, more efficient location. There are two alternatives. Project 1: the initial move costs $45...
-
BC Corporation common stock has just paid a dividend of $2.20 per share. Its dividend is expected to grow at a rate of 5 percent per year indefinitely. The current stock price is $30 and the risk...
-
Benton Mining Company buys equipment for $440,000. Each piece of equipment lasts for 150,000 hours and has a $40,000 residual value. Benton purchased one piece of equipment in January 2007. The...
-
Six months ago, Roberta OFlynn opened a small office supply store. Roberta sells a wide range of general office merchandise, including numerous software packages, photocopying paper, printer...
-
A zero - coupon bond with a face value of $ 1 , 0 0 0 has 7 years to maturity. If investors in this bond require a return of 4 . 1 % p . a . , what will be the price that this bond will trade at ?
-
Back to Assignment Attempts 3. Chapter 3, Problem 10 As part of a study of 386 children in several schools in northwestern Vermont, some of whom had and others had not exhibited symptoms of attention...
-
First City Real Estate executives wish to build a model to predict sales prices for residential properties. Such a model will be valuable when collaborating with potential sellers who might list...
-
Finance 1 Project Analysis Case Study Background and data You have been asked to consult for St. Thaddeus College, a small, Catholic, liberal arts, for- profit college in Gastonia that specializes in...
-
6. A firm is currently producing 3,000 units of output daily by employing 20 units of labor at a price of $100 per unit and 40 units of capital at a price of $40 per unit. The marginal product of the...
-
In January 2010 the Status Quo Company was formed. Total assets were $500,000, of which $300,000 consisted of capital assets. Status Quo uses straight-line amortization, and in 2010 it estimated its...
-
The activities listed in lines 2125 serve primarily as examples of A) Underappreciated dangers B) Intolerable risks C) Medical priorities D) Policy failures
-
Start from Eqs 33-11 and 33-17 and show that E(x, t) and B(x, t), the electric and magnetic field components of a plane traveling electromagnetic wave, must satisfy the "wave equations" and ax
-
(a) Show that Eqs.33-1, and 33-2 satisfy the wave equations displayed in Problem 102. (b) Show that any expressions of the form E = Emf (k x + wt) and B = B mf (k x + wt), where f (k x + wt) denotes...
-
A point source of light emits isotropic ally with a power of 200 W. What is the force due to the light on a totally absorbing sphere of radius 2.0 cm at a distance of 20 m from the source?
-
A child is swinging a 330-g ball at the end of a 66.0-cm-long string in a vertical circle. The string can withstand a tension of 11.0 N before breaking. (a) What is the tension in the string when the...
-
Three metal fishing weights, each with a mass of 1.00102 g and at a temperature of 100.0C, are placed in 1.00102 g of water at 35.0C. The final temperature of the mixture is 45.0C. What is the...
-
A useful quantitative model for the grinding of lenses with known focal lengths is the lens-makers' equation: nlens environment 1) (1/4-1/2), where f is the focal length of the lens, the two index of...
Study smarter with the SolutionInn App