Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

mie 8. Statistical Metrics (FRQ) You are given a random sample of users that includes how many items they have purchased in their lifetime. Each

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
mie 8. Statistical Metrics (FRQ) You are given a random sample of users that includes how many items they have purchased in their lifetime. Each user falls under one of the internally defined segments namelyY and Z. With this data you will perform statistical analysis to establish whether Segment Z has high lifetime value. Click on this link Given the file of users above, Calculate the Mean, Standard deviation, and 95% confidence interval for each segment. The output in the answer should look like the following Segment Mean St. Dev Lower Boundai Upper Bound a Y Z Please provide your answer in the following editor BIU** the data set is huge so cant post screen shot by y segment = 1000 values average = 20.748 sum 20748 standard deviation 25.8136651 for z segment = 1000 values average 21.459 sum 21459 standard deviation 25.8109298 could you please help solve remaining problem? B IC C Paste T E E F37 X V fx B D CO 2: A 1 User ID Segment 2 1604 Y 3 2517 z 2096 Z 2920 Z 6 1190 Y 1110 Y 8 2009 Z. 9 1228 Y 10 1166 Y 11 2022 Z 12 2836 Z 13 1518 Y 14 1827 Y 15 1090 Y 16 2128 2 17 1595 Y 18 2450 Z 19 2556 Z. 20 1785 Y 21 1909 Y 22 2798 Z. 23 1940 Y 24 2499 Z 25 26 1315 Y 27 28 29 30 31 32 33 34 35 36 Num_of_orders 8 9 10 9 14 19 11 36 68 47 56 92 6 7 6 7 18 30 12 8 32 14 9 7 9 6 11 7 6 105 10 8 115 12 2150 Z 1583 Y 2740 Z 1520 Y 2343 Z 1963 Y 1188 Y 1900 Y 1506 Y 2848 Z 1372 Data 39 Ready + 9. Understanding of Statistical Metrics (FRQ) You are given a random sample of users that includes how many items they have purchased in their lifetime. Each userfalls under one of the internally defined segments namely: Y and 2 With this data you will perform statistical analysis to establish whether Segment 2 has high lifetime value. Given the numbers calculated in the last question. Does your analysis mean segment 2 users are high value users? Why or why not? If not, how would you amend your analysis? Please provide your answer in the following editor

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

Students also viewed these Databases questions

Question

1. Who is responsible for resolving this dilemma?

Answered: 1 week ago