• Internal Code :
  • Subject Code : MIS171
  • University : Deakin University
  • Subject Name : Business Analytics

Analysis of The Provided Data Set

To: Director of Analytics, Boris Johns

From: Priya Acharya

Subject: Analysis of the provided data set

Dear Director of Analytics, Boris Johns,

The results of the analysis of the saving and shopping habits of our customers like the ones captured in the sample dataset received recently has been listed below.

  1. The overall estimate of the average Total Spending for all customers is $4,353.6. With 95% confidence, it can be said that the average total spending by the customers lies in the interval ($4,4235.74, $4,471.45).

  2. The overall proportion of customers based on five different Credit Cards (considering none as a group shows that for most cases, 32.50 %, a customer does not use a credit card. Followed by Bronze, Silver, Gold, and Platinum Credit Cards with 20.50, 16.00, 15.50, and 15.50in percentage, respectively. With 95% confidence, it can be said that the proportion of credit card usage by customers lies in the range from14.90% to 26.10% for Bronze Credit Cards,10.48% to 20.52%for Gold Credit Cards,10.48% to 20.52% for Platinum Credit Cards,10.92% to 21.08% for Silver Credit Cards, and finally, 26.01% to 38.99% of the customers don't use any credit cards (None).

  3. There does appear to be a difference between the estimated average spending on Eating out by different Age Groups with the most money spent by 65-74 with average monthly eating outspend of $684.47 followed by 35-44, 45-54, 55-64 and 25-34 with average monthly eating out spending of $682.1, $661.36, $648.81 and $638.53, respectively. With 95% confidence, it can be said that the estimated average monthly eating outspend for customers within age range of 25-34, 35,44, 45,54, 55-64, and 65-74 are $618.31 to $658.75, $677.99 to $686.21, from $658.13 to $664.59, from $640.67 to $656.95 and finally from $665.10 to $703.83 respectively.

  4. The does not appear to be a very strong relationship between the Monthly income and how much people save each month. There is a positive correlation between the two variables, but it is not significant to accept the trend.

The monthly income and how much people spend on eating out as well as on their groceries each month are highly correlated with both the spending habits increasing with monthly income.

  1. The probability of monthly Income exceeding $4,500 is equal to 0.67, 0.58, 0.56, 0.55, 0.47 for Age Band 65-74, 35-44, 55-64, 45-54 and 25-34, respectively.

The probability of monthly Income to be less than $3,500 is equal to 0.01, 0.03, 0.07, 0.07, 0.09 for 45-54, 35-44, 25-34, 65-74 and 55-64 respectively

The income that only 10% customers can achieve is equal to $5,641.39, $5,531.31, $5,473.40, $5,578.63 and $5,901.82 by 25-34, 35-44, 45-54, 55-64, and 65-74 respecitvely.

  1. We have confirmed that the average Total spending per month by every age Band is more than $4200. Further, there is not sufficient evidence that the proportion of customers in any age band is below 25% of all the customers.

I hope this analysis will help you with your objectives.

Sincerely, 

Priya Acharya

Remember, at the center of any academic work, lies clarity and evidence. Should you need further assistance, do look up to our Business Analytics Assignment Help

Get It Done! Today

Applicable Time Zone is AEST [Sydney, NSW] (GMT+11)
Not Specific >5000
  • 1,212,718Orders

  • 4.9/5Rating

  • 5,063Experts

"

5 Stars to their Experts for my Assignment Assistance.

There experts have good understanding and knowledge of university guidelines. So, its better if you take their Assistance rather than doing the assignments on your own.

What you will benefit from their service -

I saved my Time (which I utilized for my exam studies) & Money, and my grades were HD (better than my last assignments done by me)

What you will lose using this service -

Absolutely nothing.

Unfortunately, i had only 36 hours to complete my assignment when I realized that it's better to focus on exams and pass this to some experts, and then I came across this website.

Kudos Guys!

Jacob

"

Highlights

  • 21 Step Quality Check
  • 2000+ Ph.D Experts
  • Live Expert Sessions
  • Dedicated App
  • Earn while you Learn with us
  • Confidentiality Agreement
  • Money Back Guarantee
  • Customer Feedback

Just Pay for your Assignment

  • Turnitin Report

    $10.00
  • Proofreading and Editing

    $9.00Per Page
  • Consultation with Expert

    $35.00Per Hour
  • Live Session 1-on-1

    $40.00Per 30 min.
  • Quality Check

    $25.00
  • Total

    Free
  • Let's Start

Get
500 Words Free
on your assignment today

Browse across 1 Million Assignment Samples for Free

Explore MASS
Order Now

Request Callback

Tap to ChatGet instant assignment help

Get 500 Words FREE
Ask your Question
Need Assistance on your
existing assignment order?