This assignment focuses on Solving Economic Statistic Problems. There is also analysis of Spending Behaviors. So, the body of your paper should address the questions posed in the problem
Solving Economic Statistic Problems – Spending Behaviors Analysis
The major shopping areas in the community of Springdale include Springdale Mall, West Mall, and the downtown area on Main Street. A telephone survey has been conducted to identify strengths and weaknesses of these areas and to find out how they fit into the shopping activities of local residents. The 150 respondents also asked to provide information about themselves and their shopping habits. The data are provided in the file SHOPPING. The variables in the survey can be found in the file CODING.
Solving Economic Statistic Problems – Spending Behaviors Analysis
The contingency tables and relative frequency probabilities in this exercise are based on the Springdale Shopping Survey database. Information like that gained from the two parts of this exercise could provide helpful insights into the nature of the respondents, their perceptions, and their spending behaviors. In particular, part 2 focuses on how conditional probabilities related to spending behavior might vary, depending on the gender of the respondent.NOTE: Be sure to use five (5) decimal places for your probabilities in the report, as some of them will be quite small.
Solving Economic Statistic Problems – Spending Behaviors Analysis
Do not convert to percentages as we interested in probabilities only here. Based on the relative frequencies for responses to each variable, determine the probability that a randomly selected respondent from: SPRSPEND [variable 4] spends at least $15 during a trip to Springdale Mall. The introduction should describe or summarize the topic or problem. It might discuss the general applications of the topic or it might introduce the unique terminology associated with the topic. The body of your paper should address the questions posed in the problem. Also, explain how you approached and answered the question or solved the problem. Also, for each question, show all steps involved. Then, be sure this is in paragraph format, not numbered answers like a homework assignment.
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