Descriptive Statistics N Minimum Maximum Mean Std.Deviation Sales 10 $30.00 $125
ID: 2955172 • Letter: D
Question
Descriptive Statistics
N
Minimum
Maximum
Mean
Std.Deviation
Sales
10
$30.00
$125.00
$64.7500
$29.40356
Valid N (listwise)
10
A respondent with a child 3-6 years old wouldspend $88.50
Z Value= 88.50 – 64.75 = .8
29.4
A respondent with a child 7-11 years old wouldspend $63.00
Z Value= 63.00 – 64.75 = -0.059
29.4
A respondent with a child 12-14 years old wouldspend $35.00
Z Value= 35.00 – 64.75 = -1.01
29.4
a. What is the relationship (in Z Values) of each of thesenumbers to the mean dollars spent at the gift store?
b. Which segment would you select and why?
Descriptive Statistics
N
Minimum
Maximum
Mean
Std.Deviation
Sales
10
$30.00
$125.00
$64.7500
$29.40356
Valid N (listwise)
10
Explanation / Answer
B. The best segment to select is the second because itis the closest to the mean.
Hope This Helps
Good Luck!