Question: Create a new variable called AverageOrderSize that contains the average spending per order. This is calculated by dividing total spending ( Spending ) by total

Create a new variable called AverageOrderSize that contains the average spending per order. This is calculated by dividing total spending (Spending) by total number of transactions (Frequency) in 2017 and 2018. Bin the values of AverageOrderSize into 5 equal-interval groups. Label the groups using numbers 1(lowest values) to 5(highest values). How many observations are in group 2?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!