It has become more common for shoppers to comparison shop using the Internet. Respondents to a Pew

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It has become more common for shoppers to €œcomparison shop€ using the Internet. Respondents to a Pew survey in 2013 who owned cell phones were asked whether they had, in the past 30 days, looked up the price of a product while they were in a store to see if they could get a better price somewhere else. Here is a table of their responses by income level.
It has become more common for shoppers to €œcomparison shop€

a) Find the conditional distribution (in percentages) of in-come distribution for those who do not compare prices on the Internet.
b) Find the conditional distribution (in percentages) of income distribution for shoppers who do compare prices.
c) Create a graph comparing the income distributions of those who compare prices with those who don€™t.
d) Do you see any differences between the conditional distributions? Write a brief summary of what these data show about Internet use and its relationship to income.

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Business Statistics

ISBN: 9780321925831

3rd Edition

Authors: Norean Sharpe, Richard Veaux, Paul Velleman

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