Using the sample transaction data, you want to determine if a profit can be predicted based on
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Question:
Using the sample transaction data, you want to determine if a profit can be predicted based on customers' age and their ratings about the product sold. What would be the null hypothesis for the population?
Profit does not depend on customers' age and ratings.
Profit depends on both customers' ratings and age.
Profit depends on at least on customers' rating
Profit depends at least on customers' age
How do you go about solving this? which functions/charts/data tools to use to solve?
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Transaction Date Transation Time order_id_product_id 1/5/20 3:40:44 1/5/20 4:44:58 4:46:13 5:22:47 5:24:22 5:26:40 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/9/20 1/12/20 1/12/20 1/12/20 5:30:43 5:30:43 5:30:43 5:35:13 5:38:23 4:55:42 4:55:42 4:55:42 4:56:01 4:56:01 5:11:36 5:12:49 5:12:49 5:12:49 4:23:02 5:07:13 5:10:26 5:15:01 5:21:50 5:30:23 9:04:47 10:53:56 14:12:22 6:37:49 6:40:42 6:59:10 5502 47622 2710 22830 9652 47622 179 15622 3684 15611 8980 47622 47622 596 596 47622 596 47622 164 35622 2283 47622 2696 47622 2696 47622 2696 47622 6181 47622 6181 47622 869 47622 8437 47622 8437 47622 8437 47622 9254 22831 9874 22831 1075 22831 1336 22831 2861 22831 9316 22831 3096 22831 7326 22831 6986 35622 15699 3462 1176 15611 8287 35622 category_code Skateboard Bungee Band Trainer Skateboard Climbing Carabiners neoprene diving suit Skateboard Skateboard Skateboard Skateboard apparel.glove Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band apparel.glove Mountain Bike neoprene diving suit apparel.glove brand WilSham Movemint WilSham Favofit dive & sail Wilsham WiiSham WilSham Wilsham Hestra WilSham Wilsham WilSham WilSham WilSham WilSham WilSham WilSham WilSham Wilsham Dasking Dasking Dasking Dasking Dasking Dasking Dasking Dasking Hestra Schwinn dive & sail Hestral price user_id Customer Age Customer Ratings $41.99 9417459 3 1 $49.99 9244032 $41.99 1731150 $19.99 1076565 $52.99 9254044 $41.99 1834979 $41.99 4602002 $41.99 4079428 $41.99 7120880 $154.95 530506 $41.99 3414494 $41.99 8442212 $41.99 933716 $41.99 8396524 $41.99 9131195 $41.99 4667066 $41.99 5901549 $41.99 5994003 $41.99 4731159 $41.99 3531350 $121.09 1562334 $121.09 7740674 $121.09 6630720 $121.09 6580445 $121.09 5759648 $121.09 5492065 $121.09 7032405 $121.09 2770162 $154.95 4421639 $439.00 2489042 $52.99 8407238 $154.95 8194791 73 27 69 80 73 77 74 54 79 50 70 58 71 56 74 57 68 44 65 21 44 68 40 32 59 23 50 26 44 49 58 51 STEHT 3 1 5 3 3 3 3 5 3 3 3 3 3 3 3 3 3 3 3 3 3 3. 3 3 3 3 5 4 5 5 Cost Profit $33.00 $8.99 $59.00 -$9.01 $33.00 $8.99 $23.00 -$3.01 $39.45 $13.54 $33.00 $8.99 $33.00 $8.99 $33.00 $8.99 $33.00 $8.99 $123.00 $31.95 $33.00 $8.99 $8.99 $33.00 $8.99 $8.99 $8.99 $33.00 $33.00 $33.00 $33.00 $33.00 $8.99 $8.99 $33.00 $8.99 $8.99 $8.99 $33.00 $33.00 $9.09 $9.09 $9.09 $9.09 $112.00 $9.09 $112.00 $9.09 $112.00 $9.09 $112.00 $9.09 $123.00 $31.95 $428.00 $11.00 $13.54 $31.95 $39.45 $123.00 $112.00 $112.00 $112.00 $112.00 Transaction Date Transation Time order_id_product_id 1/5/20 3:40:44 1/5/20 4:44:58 4:46:13 5:22:47 5:24:22 5:26:40 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/5/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/7/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/8/20 1/9/20 1/12/20 1/12/20 1/12/20 5:30:43 5:30:43 5:30:43 5:35:13 5:38:23 4:55:42 4:55:42 4:55:42 4:56:01 4:56:01 5:11:36 5:12:49 5:12:49 5:12:49 4:23:02 5:07:13 5:10:26 5:15:01 5:21:50 5:30:23 9:04:47 10:53:56 14:12:22 6:37:49 6:40:42 6:59:10 5502 47622 2710 22830 9652 47622 179 15622 3684 15611 8980 47622 47622 596 596 47622 596 47622 164 35622 2283 47622 2696 47622 2696 47622 2696 47622 6181 47622 6181 47622 869 47622 8437 47622 8437 47622 8437 47622 9254 22831 9874 22831 1075 22831 1336 22831 2861 22831 9316 22831 3096 22831 7326 22831 6986 35622 15699 3462 1176 15611 8287 35622 category_code Skateboard Bungee Band Trainer Skateboard Climbing Carabiners neoprene diving suit Skateboard Skateboard Skateboard Skateboard apparel.glove Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Skateboard Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band Bungee Resistance Band apparel.glove Mountain Bike neoprene diving suit apparel.glove brand WilSham Movemint WilSham Favofit dive & sail Wilsham WiiSham WilSham Wilsham Hestra WilSham Wilsham WilSham WilSham WilSham WilSham WilSham WilSham WilSham Wilsham Dasking Dasking Dasking Dasking Dasking Dasking Dasking Dasking Hestra Schwinn dive & sail Hestral price user_id Customer Age Customer Ratings $41.99 9417459 3 1 $49.99 9244032 $41.99 1731150 $19.99 1076565 $52.99 9254044 $41.99 1834979 $41.99 4602002 $41.99 4079428 $41.99 7120880 $154.95 530506 $41.99 3414494 $41.99 8442212 $41.99 933716 $41.99 8396524 $41.99 9131195 $41.99 4667066 $41.99 5901549 $41.99 5994003 $41.99 4731159 $41.99 3531350 $121.09 1562334 $121.09 7740674 $121.09 6630720 $121.09 6580445 $121.09 5759648 $121.09 5492065 $121.09 7032405 $121.09 2770162 $154.95 4421639 $439.00 2489042 $52.99 8407238 $154.95 8194791 73 27 69 80 73 77 74 54 79 50 70 58 71 56 74 57 68 44 65 21 44 68 40 32 59 23 50 26 44 49 58 51 STEHT 3 1 5 3 3 3 3 5 3 3 3 3 3 3 3 3 3 3 3 3 3 3. 3 3 3 3 5 4 5 5 Cost Profit $33.00 $8.99 $59.00 -$9.01 $33.00 $8.99 $23.00 -$3.01 $39.45 $13.54 $33.00 $8.99 $33.00 $8.99 $33.00 $8.99 $33.00 $8.99 $123.00 $31.95 $33.00 $8.99 $8.99 $33.00 $8.99 $8.99 $8.99 $33.00 $33.00 $33.00 $33.00 $33.00 $8.99 $8.99 $33.00 $8.99 $8.99 $8.99 $33.00 $33.00 $9.09 $9.09 $9.09 $9.09 $112.00 $9.09 $112.00 $9.09 $112.00 $9.09 $112.00 $9.09 $123.00 $31.95 $428.00 $11.00 $13.54 $31.95 $39.45 $123.00 $112.00 $112.00 $112.00 $112.00
Expert Answer:
Answer rating: 100% (QA)
ANSWER A Profit does not depend on customers age and ratings The null hypothesis in statistics state... View the full answer
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