Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

please use Rstudio to do this question. == == You have a sample of customers, some of whom have seen your ad ($ad T),and some

image text in transcribedplease use Rstudio to do this question.

== == You have a sample of customers, some of whom have seen your ad ($ad T),and some have not seen your ad ($ad = F). In the data, we also record the customer ID ($id), her income ($inc), and her expenditure ($expd). For each customer who has seen the ad, find the customer who is closest in income among those who have not seen the ad, then calculate the difference in expenditure between these two customers. id inc expd ## ad 10 ##1 1 29.3 30 TRUE ## 2 2 29.6 25 FALSE ## 3 3 24.1 TRUE ## 4 4 27.2 15 TRUE ## 5 5 27.8 5 FALSE ## 6 6 35.6 30 FALSE For example, customer 1 ($id == 1) has seen the ad. Among the customers who have not seen the ad, customer 2 is closest in income. The expenditure difference between the two customers is 30- 25 = 5. Therefore, the result $expd.diff corresponding to customer 1 is 5. The same goes for customers 3 and 4. Shown below, your result should contain 3 numbers in $expd.diff. ## id expd.diff ## 1 1 5 ## 3 3 5 ## 4 4 10 Question: Write down your code that generates the given result, using either a repetition structure(for or while) or an apply- class function. Keep your code general enough so that one can use it on samples that are larger than 6 observations. [10

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

Financial Accounting

Authors: Robert Libby, Patricia Libby, Daniel Short, George Kanaan, Maureen Sterling

7th Canadian Edition

1260065952, 978-1260065954

More Books

Students also viewed these Accounting questions