Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1st Deliverable - questions Due Sept 8 Case Problem: Heavenly Chocolates Web Site Transactions Heavenly Chocolates manufactures and sells quality chocolate products at its plant

1st Deliverable - questions Due Sept 8 Case Problem: Heavenly Chocolates Web Site Transactions Heavenly Chocolates manufactures and sells quality chocolate products at its plant and retail store located in Saratoga Springs, New York. Two years ago, the company developed a web site and began selling its products over the Internet. Web-site sales have exceeded the company's expectations, and management is now considering strategies to increase sales even further. To learn more about the web-site customers, a sample of 50 Heavenly Chocolate transactions was selected from the previous month's sales. Data showing the day of the week each transaction was made, the type of browser the customer used, the time spent on the web site, the number of web pages viewed, and the amount spent by each of the 50 customers are contained in the file named HeavenlyChocolates. You can download the data using this link : Click Here Heavenly Chocolates would like to use the sample data to determine whether online shoppers who spend more time and view more pages also spend more money during their visit to the web site. The company would also like to investigate the effect that the day of the week and the type of browser have on sales. Managerial Report Use the methods of descriptive statistics to learn about the customers who visit the Heavenly Chocolates web site. Include the following in your report. 1. Graphical and numerical summaries for the length of time the shopper spends on the web site, the number of pages viewed, and the mean amount spent per transaction. Discuss what you learn about Heavenly Chocolates' online shoppers from these numerical summaries. 2. Summarize the frequency, the total dollars spent, and the mean amount spent per transaction for each day of week. Discuss the observations you can make about Heavenly Chocolates' business based on the day of the week? 3. Summarize the frequency, the total dollars spent, and the mean amount spent per transaction for each type of browser. Discuss the observations you can make about Heavenly Chocolates' business based on the type of browser? 4. Develop a scatter diagram, and compute the sample correlation coefficient to explore the relationship between the time spent on the web site and the dollar amount spent. Use the horizontal axis for the time spent on the web site. Discuss your findings. 5. Develop a scatter diagram, and compute the sample correlation coefficient to explore the relationship between the number of web pages viewed and the amount spent. Use the horizontal axis for the number of web pages viewed. Discuss your findings. 6. Develop a scatter diagram, and compute the sample correlation coefficient to explore the relationship between the time spent on the web site and the number of pages viewed. Use the horizontal axis to represent the number of pages viewed. Discuss your findings. 7. Create a frequency distribution, percent frequency distribution, and histogram for the dollar amount spent by customers. Use bin sizes of $25 (see table below). Interpret the results. Do any data points appear to be outliers in this distribution? Bin 25 50 75 100 125 150 8. Create a PivotTable to summarize the number of customers, average time and average dollar amount spent browsing on the website for the different browsers. Determine which browser seems to be the most popular one among customers and which browser has the highest average sales Browser # of customers Average Time Spent (min) Average $ amount 9. Create a Pivot table to show a cross tabulation of browsers and time spent on the website (group the time spent by 5 minute increments as shown on the table below). What seems to be the most common time-range of customer visits ? Browser <5 98.75

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

Discrete Mathematics and Its Applications

Authors: Kenneth H. Rosen

7th edition

0073383090, 978-0073383095

More Books

Students also viewed these Mathematics questions

Question

3.4 in a data-driven fashion. pg19

Answered: 1 week ago