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From the General summary report it is evident that if we rank students on the basis of their educational status, then we will come to know that the highest percentage of students i.e. 44.19% is completing their bachelor’s degree. 33.99% of students are related to graduate degree that’s why ranked at 2nd place in 2000 Educational Attainment. Therefore, the product should be introduced in the market by keeping the students of this age group in your mind as they appear to be significantly large segment in the region.
Before pricing the product, the household income needs to be considered. The change in median household income is 123.60% from 1980 to 1990 and 68.10% from 1990 to 2000. The percentage changes for average household income are 178.80% and 69.50% from 1980 to 1990 and from 1990 to 2000 respectively. Similarly, percentage changes for per capita income are 184.00% and 65.60%. Among three categories average household income has the highest income in 2000 and the highest percentage change for household income. So, the new snack food should be launched by keeping average household income in mind. According to the given data, the percentage changes of the people with salary $150,000 + is highest so, the target market for the products should be the people having salary above $150,000 +. However, if the new snack is going to have a low to average price then other income groups can be also targeted.
In addition, it is also important to consider which the income bracket of the target market. The highest percentages of the people of the ages less than 25, 65-74 and 75+ earn Less than $10,000. The highest percentages that are 15.87%, 14.43%, 11.86% and 11.50% of people of ages 25-34, 35-44, 45-54 and 54-64 respectively earn $100,000 - $124,999. So, the people having salary range $100,000 - $124,999 should be targeted for this product. The people having salary range $75,000 to $99,999 also have large percentages
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The study reports descriptive statistics like mean scores, percentages and standard deviations for the participants ages, gender, amount of experience in the nursing field, and level of educational qualification. The study also reports the mean scores that the participants obtained on each sub-test of the NURSE tool before and after the training period.
licts with parents. However, current literature on the topic does not include adolescents with symptoms of depression severe enough to be involved in mental health care (Lichtwarck-Aschoff et al., 2009). Clinically depressed adolescents disengage during conflict with parents as a defense mechanism in order to reject any unpleasant or intense trigger that could represent a personal danger (Jackson et al., 2011).
Section C is a critical appraisal of a technical paper (chosen by you) which has some statistical analysis in it, and is worth 20 marks. To find your personal dataset number for the questions in section B, enter Blackboard and click on MAR8001. Click on Topic 3: Statistics, click on Project and click the link Personalized Data Set Numbers 2013.
Weather Forecasting - Let us suppose that we would like to go on a picnic tomorrow morning, and the weather forecasting report says that the possibility of raining would be 80%. Do we ever wonder where that 80% came from Forecasting like these can be measured by the group who employee in the National Weather Service when they seems at all other days in their historical record that have the same weather characteristics (humidity, pressure, temperature, etc.) and conclude that on 80% of comparable days in the history, it rained.
I am a young professional and student belonging to middle class. My demographic traits highly influence my choice of products and services. The youth are mostly attracted by thrilling and exciting products. I like dark
I used to hear a lot of news talking of stock market but I was not in a position to internalize what mathematical equations were behind the determination of future stock exchange. Through statistical knowledge that I have acquired, I am now in a position to
by the US National Fire Protection Association, NFPA show that Americans have indeed appreciated the importance of that this device plays in ensuring their safety as 24 out of 25 of the surveyed homes have at least one fire alarm (Ahrens, 2014). This representing about 96% of
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strategies when faced with uncertainty, the authors take a look a company (CommCorp) which was faced with uncertainty with the emergence of the internet. In order to make itself relevant despite the technological changes, the company had to come up with new strategies. The
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