Math 533 Course Project Part B Essay

1485 Words Sep 4th, 2013 6 Pages
AJ DAVIS
AJ DAVIS

MATH 533
Project Consumer
Tel – 123-456-7891
July 21st 2013
MATH 533
Project Consumer
Tel – 123-456-7891
July 21st 2013
Lakshan Nanayakkara
AJ DAVIS is a department store chain, which has many credit customers. A sample of 50 credit customers is selected with data collected on location, income, credit balance, number of people and years lived in the house

Lakshan Nanayakkara
AJ DAVIS is a department store chain, which has many credit customers. A sample of 50 credit customers is selected with data collected on location, income, credit balance, number of people and years lived in the house

Contents A. Brief Introduction: 2 B. 1st individual variable, using graphical, numerical summary and
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Urban location is somewhat between Suburban and Rural. The N value for all three location is 50. Per above data there are no outliers. One more factor to consider is that almost half the people 21 (from sample 50) live in Urban areas. Hence almost half the sample size make an average of 44,330.00 Dollars each comes from the Urban areas, which is key information for the business. F. 2nd Pairing of variable, using graphical, numerical summary and interpretation e) Credit Balance and Income pairing.

Above is the scatterplot of income vs. credit balance. All the dots are all in an upward trend which indicates that between those two relationships, they have a positive, close relationship. This means the more income a household have, the more credit balance that household will carry. The higher the income, the more credit balance is cluster together, the lower income; the credit balance seems to be more spread out. This means that few customers do have a higher credit balance with a low income. This is a key concern when it comes to payback the balance.

G. 3rd Pairing of variable, using graphical, numerical summary and interpretation f) Credit balance and Size pairing

Total
Variable SIZE Count Mean SE Mean StDev Minimum Q1 Median
CREDIT BALANCE($) 1 5 2781 122 272 2477 2530 2731 2 15 3278 180 699 1864 2921

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