Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Your CMO wants to test the response to a new Kimchi recipe specifically designed to appeal to the Korean community. He asks you to

1. Your CMO wants to test the response to a new Kimchi recipe specifically designed to appeal to the Korean community. He asks you to run a test and measure response based on a sample of 500 people. He suggests the first 500 people that have a last name of length of more than 5 letters be included in the test, and anyone with a last name shorter than 5 letters be excluded. Is this a good way assemble a sample to test response to the product? Why or why not? Explain detali

2.Your CEO wants your BigData database platform to be able to log and store every click made on every page from every consumer when they interact with the company's website, plus some additional metadata about each click (data about the data). Based on this scenario, explain which "V's" of BigData are relevant here?Explain detali

3.In a meeting, a Senior Manager says that a "negative correlation" doesn't sound like a desirable result, and a "perfect correlation" sounds like a good thing. So he is confused about the meaning of a "perfectly negative correlation". How would you respond?Explain detali

4.You work for an airline and the customer database has information on Relationship Status as well as amount paid for recent travel tickets. Relationship status is coded as: 0:Single, 1:Married, 2: Divorced, 3:Widowed, 4:Commited, 5:It's Complicated. Amount spent is in the database as actual dollars paid. Your Chief Marketing Officer wants to determine whether there is a correlation between amount spent and the customer's relationship status. She asks you to calculate the correlation between relationship-status and amount spent. Is correlation a good approach, or not? Explain.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Stats Data And Models

Authors: Richard D. De Veaux, Paul D. Velleman, David E. Bock

4th Edition

321986490, 978-0321989970, 032198997X, 978-0321986498

More Books

Students also viewed these Mathematics questions

Question

What opportunities exist for raises and advancement?

Answered: 1 week ago