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Answer this question with all the parts and i will upvote if not i will dislike ! Please answer this too if not i will
Answer this question with all the parts and i will upvote if not i will dislike !
Please answer this too if not i will dislike
i dont know what you mean by it needs reference but please look at the parts A B C D answer those questions and refer back to the chart.
6. A manager in a department store wants to learn whether there is a relationship between the time a shopper spends in their store and how much the customer spends. Following table shows the shopping time and the checkout time for 15 customers and their spending at the store. Shopping time (min) 14 18 21 30 38 38 61 25 38 40 39 38 42 40 56 Check-out time (min) Amount Spent ($) 3 22 4.2 33 2.7 46 3.8 69 3.6 71 3.8 91 3.5 124 3 46 3.7 67 4.3 105 4.5 104 4.4 112 4.2 86 3.8 118 2 155 a) (5 points] Is there a relationship between the shopping time and the amount of money spent in the store? What is the relationship? If you used a plot to arrive at the conclusion, show it in the answer. (Not in an Excel file. You need to copy the plots and paste in the Word document. If you created the plots on a paper, insert image(s) of the plot in the Word document (not as separate files). b) (5 points) Is there a relationship between the checkout time and the amount of money spent in the store? What is the relationship? Show work. c) 15 points) is there a relationship between the shopping time and checkout time. What is the relationship? Show work. d) 15 points) Based on the identified relationships (or the lack thereof), what can you recommend to increase the amount of money spent in the store? [10 points] What is the average value of a loyal customer (VLC) in a target market segment if the average purchase price is $75 per visit, the frequency of repurchase is 6 times per year, the contribution margin is 25 percent, and the average customer defection rate is 25 percent? Answer should include units and should be expressed in a sentence. Show all calculation to earn credit Step by Step Solution
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