Question: The following contingency table was created using the above SAS code. There are four classes of customers (Cust_class) based on the total amount of sales

The following contingency table was created using the above SAS code. There are four classes of customers (Cust_class) based on the total amount of sales and there are three classes of customers (Cust_class2) based on the number of months after the last sales. Cust_class is defined by the following SAS code:

data rank1_cust ; set totalsalesbyid ; if totalsales < 294 then cust_class = 1 ; if 294 <= totalsales < 648 then cust_class = 2 ; if 648 <= totalsales < 1612 then cust_class = 3 ; if totalsales >= 1612 then cust_class = 4 ; run ;

We find the following contingent table from PROC FREQ output from SAS.

Table of cust_class by cust_class2

cust_class2

Total

A. le 2 month

B. 2-6 month

C. gt 6 month

cust_class

1030

23

0

1053

1

Frequency

2

Frequency

936

156

0

1092

3

Frequency

484

591

18

1093

4

Frequency

119

571

403

1093

2569

1341

421

4331

Total

Frequency

Find the following probabilities Using the output:

1. The probability that a customer shop more than 6 months

2. The probability that the customers bought more than or equal to 294 dollars

3. The probability that the customers shop more than or equal to two months who bought less than 648 dollars.

4. The probability that the customers bought more than or equal to 1612 dollars and shopped more than 2 month ago.

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 Mathematics Questions!