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Customer Day Browser Time (min) Pages Viewed Amount Spent ($) 1 Mon Safari 2 Wed Chrome 12 18.5 653 59.5 86.9 3 Mon Internet Explorer 7.5 3 27.7 4 Tue Firefox 11.4 1 37.7 5 Wed Safari 12.3 2 63.3 6 Sat Firefox 10.5 4 65.8 7 Sun Internet Explorer 10.4 2 32 8 Fri Firefox 4.3 6 59 10 90 Wed Firefox 12.7 1 62.9 Tue Safari 23.7 5 75.7 11 Sat Chrome 13.3 8 52 12 Sun Firefox 15.3 7 40.1 13 Sun Chrome 10.7 6 57.2 14 Mon Firefox 23.4 12 164.5 15 Fri Internet Explorer 8.4 4 81.1 16 Thu Safari 10.6 4 66.2 17 Thu Safari 22.3 6 98.6 18 Mon Internet Explorer 15 8 134.4 19 Fri Chrome 6.6 5 70.5 20 Wed Safari 15.1 6 26.7 21 Sat Firefox 15.3 7 80.6 22 Tue Safari 10.2 8 73.4 23 Sun Internet Explorer 7 2 31.7 24 Tue Firefox 9 1 49.7 Background: Sounders Sweets is a relatively new company that has recently opened up a web site to try to increase its sales and increase its brand recognition in the Seattle Area. Website sales have exceeded the company's expectations, and management is now considering strategies to increase sales even further. To learn more about the website customers, a random sample of 50 Sounders Sweets transactions was selected from the previous month's sales. Data showing the day of the week each transaction was made, the type of browser the customer used, the time spent on the website, the number of website pages viewed, and CCINOCRUNC SEATTLE ORDRAILS COCONUT the amount spent by each of the 50 customers are contained in the data file. Sounders Sweets would like to use the sample data to try to better understand their next business moves. What You Will Do: 0 Question 3: You will use contingency tables to compute the observed probabilities of certain events happening. Carefully read how the questions are phrased so you can compute the correct probabilities. Some of the probabilities may require that you think about what the denominator should be. Question 4: You will use contingency tables to compute more observed probabilities. However, each problem will require that you build different contingency tables. Question 4 25 Fri Firefox 9.6 5 51.7 26 Wed Safari 11 2 43.5 27 Sat Internet Explorer 17.9 6 26.7 28 Sat Firefox 6 3 31.9 29 Fri Firefox 33.9 11 154.3 30 Mon Chrome 10.8 11 114.3 31 Thu Safari 7.1 4 48.2 32 Fri Firefox 18 33 Sun Internet Explorer 10.8 34 Fri Safari 10.1 35 Tue Safari 6.8 36 Mon Firefox 17.5 37 Thu Firefox 5.2 38 Sat Safari 10.3 9514636 139.4 29.2 53.1 72.8 Your team lead reports your preliminary results to management and some followup questions are posed. Use contingency tables to answer the following (allowing StatCrunch to automatically bin values when prompted): Report probabilities as numbers between 0 and 1, rounded to 2 decimal places. 1) How likely are Safari users to purchase more than $100 of items? Answer: Round to two decimal places. 2) What is the likelihood buyers on Fridays will spend 15 or more minutes on the web site? Round to two decimal places. Answer: 3) If a buyer spends between 10 and 15 minutes on the site, what is the probability he/she will spend $60 or more? 52 Answer Round to two decimal places. 83.2 52.6 Question Help: Post to forum 39 Tue Internet Explorer 11.6 40 Wed Safari 6 41 Tue Chrome 14.9 42 Sat Internet Explorer 18.1 43 Fri Firefox 11.8 44 Mon Safari 12.3 45 Mon Internet Explorer 31.1 46 Fri Firefox 13.7 47 Thu Internet Explorer 9.1 48 Fri Safari 9.7 49 Mon Chrome 8.3 50 Fri Safari 12.4 032626751352 33.1 31.5 Check Answer 67.4 63.1 65.4 107.7 107.2 62.2 18.8 101.2 45.2 100.8 Customer Day Browser Time (min) Pages Viewed Amount Spent ($) 1 Mon Safari 2 Wed Chrome 12 18.5 653 59.5 86.9 3 Mon Internet Explorer 7.5 3 27.7 4 Tue Firefox 11.4 1 37.7 5 Wed Safari 12.3 2 63.3 6 Sat Firefox 10.5 4 65.8 7 Sun Internet Explorer 10.4 2 32 8 Fri Firefox 4.3 6 59 10 90 Wed Firefox 12.7 1 62.9 Tue Safari 23.7 5 75.7 11 Sat Chrome 13.3 8 52 12 Sun Firefox 15.3 7 40.1 13 Sun Chrome 10.7 6 57.2 14 Mon Firefox 23.4 12 164.5 15 Fri Internet Explorer 8.4 4 81.1 16 Thu Safari 10.6 4 66.2 17 Thu Safari 22.3 6 98.6 18 Mon Internet Explorer 15 8 134.4 19 Fri Chrome 6.6 5 70.5 20 Wed Safari 15.1 6 26.7 21 Sat Firefox 15.3 7 80.6 22 Tue Safari 10.2 8 73.4 23 Sun Internet Explorer 7 2 31.7 24 Tue Firefox 9 1 49.7 Background: Sounders Sweets is a relatively new company that has recently opened up a web site to try to increase its sales and increase its brand recognition in the Seattle Area. Website sales have exceeded the company's expectations, and management is now considering strategies to increase sales even further. To learn more about the website customers, a random sample of 50 Sounders Sweets transactions was selected from the previous month's sales. Data showing the day of the week each transaction was made, the type of browser the customer used, the time spent on the website, the number of website pages viewed, and CCINOCRUNC SEATTLE ORDRAILS COCONUT the amount spent by each of the 50 customers are contained in the data file. Sounders Sweets would like to use the sample data to try to better understand their next business moves. What You Will Do: 0 Question 3: You will use contingency tables to compute the observed probabilities of certain events happening. Carefully read how the questions are phrased so you can compute the correct probabilities. Some of the probabilities may require that you think about what the denominator should be. Question 4: You will use contingency tables to compute more observed probabilities. However, each problem will require that you build different contingency tables. Question 4 25 Fri Firefox 9.6 5 51.7 26 Wed Safari 11 2 43.5 27 Sat Internet Explorer 17.9 6 26.7 28 Sat Firefox 6 3 31.9 29 Fri Firefox 33.9 11 154.3 30 Mon Chrome 10.8 11 114.3 31 Thu Safari 7.1 4 48.2 32 Fri Firefox 18 33 Sun Internet Explorer 10.8 34 Fri Safari 10.1 35 Tue Safari 6.8 36 Mon Firefox 17.5 37 Thu Firefox 5.2 38 Sat Safari 10.3 9514636 139.4 29.2 53.1 72.8 Your team lead reports your preliminary results to management and some followup questions are posed. Use contingency tables to answer the following (allowing StatCrunch to automatically bin values when prompted): Report probabilities as numbers between 0 and 1, rounded to 2 decimal places. 1) How likely are Safari users to purchase more than $100 of items? Answer: Round to two decimal places. 2) What is the likelihood buyers on Fridays will spend 15 or more minutes on the web site? Round to two decimal places. Answer: 3) If a buyer spends between 10 and 15 minutes on the site, what is the probability he/she will spend $60 or more? 52 Answer Round to two decimal places. 83.2 52.6 Question Help: Post to forum 39 Tue Internet Explorer 11.6 40 Wed Safari 6 41 Tue Chrome 14.9 42 Sat Internet Explorer 18.1 43 Fri Firefox 11.8 44 Mon Safari 12.3 45 Mon Internet Explorer 31.1 46 Fri Firefox 13.7 47 Thu Internet Explorer 9.1 48 Fri Safari 9.7 49 Mon Chrome 8.3 50 Fri Safari 12.4 032626751352 33.1 31.5 Check Answer 67.4 63.1 65.4 107.7 107.2 62.2 18.8 101.2 45.2 100.8
Expert Answer:
Related Book For
Essentials Of Statistics For Business And Economics
ISBN: 9781305081598
7th Edition
Authors: David Anderson, Thomas Williams, Dennis Sweeney, Jeffrey Cam
Posted Date:
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