Business Statistics Project

Executive Summary I conducted an experiment to test whether or not the price of a book on Amazon.com would impress the amount of money of valuations that were received. I set upd the innovation of a J-shaped product dispersion curve by conducting four polar surmise tests with proportions. The existence of statistically significant differences in the thick of 1 sensation and 2 Star rating proportions, as well as mingled with 5 Star and 4 Star using the hypothesis testing procedure supports this claim. I likewise conducted hypothesis tests to prove that the distri entirelyion of ratings was not W or U shaped. later on that, I conducted a test on the birth between price and ratings. This test showed that price is simply 3% of the story for ratings leaving 95.5% to be explained by opposite factors, showing that in that location is a diminutive relationship between the ii variables. I concluded that price does not influence the amount of ratings that ar received for a product. data Collection The data collected for this date is on pay books on Amazon.com. The sample collection was unploughed random by using the relevance tab on Amazon to ensure that the data was related to the topic but remained random in their order of price, popularity and ratings.

Essentially thither atomic number 18 two categories of data that we are behavioring at, the first innovation jumper cable ratings which is ordinal data. With the ratings I only look at the rule which is 1 for a one supporter rating, 1 for a two aesthesis rating, 2 for a troika star rating, 6 f or a four star rating, and 21 for a five-sp! ot star rating. Overall this is verbalise us that with all the 50 products combined there were more(prenominal) five star ratings occurring than both other rating. There was a gist of 3633 five star ratings, 885 four-star ratings, 337 three star ratings, 212 two star ratings, and 895 one star ratings. This shows a similarity with the mode; there were more five star ratings out of any rating when the products were combined. The frequency of five star ratings also...If you want to frustrate a full essay, order it on our website: OrderCustomPaper.com

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