# Math 533

Powerful Essays
1143 Words
Grammar
Plagiarism
Writing
Score
Math 533
Statistical Report
The Relationships between Location, Income, and Credit Balance for the customers of AJ Davis Department Store

Math 533

Course Project Part A
AJ DAVIS DEPARTMENT STORES

AJ Davis Department Store Customer Research A. Brief Introduction
The department store AJ Davis would like to find out more information about their customers. A sample of 50 credit customers is selected with data collected on the following five variables: 1. LOCATION (Rural, Urban, Suburban) 2. INCOME (in \$1,000's – be careful with this) 3. SIZE (Household Size, meaning number of people living in the household) 4. YEARS (the number of years that the customer has lived in the current location) 5. CREDIT BALANCE (the customers current credit card balance on the store's credit card, in \$).
This report presents the findings of three individual variables extensively which include location, income, and credit balance. We will also discuss three pairing of variables extensively which include: location and income, income and credit balance, as well as location and credit balance. These variables and pairings will give AJ Davis the most information about their customers.
B. 1st Individual Variable is location:
Location is very important to AJ Davis because knowing where your customers come from is the basis for most of your research. From location you can draw a correlation with every variable.

Interpretation: From the pie chart we can conclude that most of the customers come from an urban location about 44%. The rural and suburban areas are roughly the same with the least being from a rural area. 30% of the stores customers are from a suburban area and 26% are from a rural area.

C. 2nd Individual Variable is Income:
Knowing the income of customers gives us an idea of what socio-economic group is shopping at the AJ Davis department store.

Descriptive Statistics: Income (\$1000)

Variable Mean SE Mean StDev Variance Minimum

## You May Also Find These Documents Helpful

• Powerful Essays

The location of AJ Davis’ customers is distributed between three classes of urban, suburban and rural areas. Of the total number of customer locations in the sample set of 5; 13 are located in rural, 15 in suburban and 22 in urban locations. The pie chart shows that just less than half of all AJ Davis’ customers live in urban (44%) areas, yet customers that live in rural (26%) and suburban (30%) areas are relatively evenly distributed. The rural and suburban areas combine to compromise 56% of AJ Davis’ credit customer base in which they are interested in. This should be useful information to AJ Davis as about half of their credit customers are from urban locations.…

• 1256 Words
• 6 Pages
Powerful Essays
• Good Essays

AJ Davis is a department store chain, they are trying to get to know more about their clientele and to further expand their business. A sample of 50 credit customers are selected for this research, information that includes, location (rural, urban or suburban), Income (in \$1,000), size (household size), years (number of years lived in that location), and credit balance (customers current credit card balance on the store’s credit card).…

• 830 Words
• 4 Pages
Good Essays
• Good Essays

Recently, Company Q closed two stores in higher crime neighborhoods on the premise that they were consistently losing money. Because Company Q is a small business, they need to be fiscally responsible in where they open their stores. Understanding the demographics of the area where stores are opened will go a long way in determining the profitability and success of that store. To begin with, Company Q could have researched who their customer base is and what are the items these customers need. For example, do the people who live in…

• 780 Words
• 4 Pages
Good Essays
• Satisfactory Essays

CREDIT BALANCE (the customers current credit card balance on the store's credit card, in \$).…

• 936 Words
• 4 Pages
Satisfactory Essays
• Satisfactory Essays

Retail merchandise stores attract many different types of people. For example, Wal-Mart targets all income level households, whereas dollar stores such as DG serve "need-to" shoppers. More specifically, the target customers of DG are normally in towns with less than 20,000 people and have the following characteristics:…

• 269 Words
• 2 Pages
Satisfactory Essays
• Powerful Essays

The data collected depicts a sample size of 200, taken from that of recent customers whom have stayed at the upmarket CCResort. This sample size is large enough to adequately represent an accurate assessment, although a larger pool of data would further improve the accuracy of this report.…

• 2368 Words
• 10 Pages
Powerful Essays
• Satisfactory Essays

In the retail business industry, retailers have to be creative in providing value for its customers. Customer value is a priority and must be implemented at all times when maintaining or running a business, company, and/or organization. Customers like convenience without having to jump through hoops. For example, when opening a new business, or establishing a way to build customer volume, it is necessary to research the areas where a high volume of people do their shopping and/or other activities. Also, it may be a good idea to research, and obtain information on other businesses in the surrounding areas; pertaining to the length of time they’ve been in business. In addition, knowing what types of merchandise sold can also help with determining what type of business to open.…

• 456 Words
• 2 Pages
Satisfactory Essays
• Good Essays

Doucette wants to decide whether or not to put an employee retention program in place. But first, he wants Sarah Jenkins to check whether manager tenure and crew tenure are related to store profit. Accordingly, run the three regression models per…

• 385 Words
• 2 Pages
Good Essays
• Good Essays

Make some estimation of the demographic composition of the shoppers. Where do you think these shoppers come from?…

• 750 Words
• 3 Pages
Good Essays
• Good Essays

From the frequency distribution and pie chart, it is clear that the highest number of customers live in the rural area (42%), followed by customers who live in the suburban category (30%). There are only 28% of the customers living in the urban area.…

• 596 Words
• 3 Pages
Good Essays
• Better Essays

In the map, companies are evaluated based on two variables: the Product Price and Geographical Locations. The Product Price reveals which companies are high-end stores and which are regular department stores. The Geographical location reveals the market share of companies, it indicated that Macy 's and Nordstrom have higher market share of the department store…

• 15399 Words
• 62 Pages
Better Essays
• Satisfactory Essays

2. Perform the indicated operations: a. (5 − 2i ) − (3 − 7i ) b.…

• 1408 Words
• 6 Pages
Satisfactory Essays
• Powerful Essays

By analysis the data which is collected on above mentioned variable in StatCrunch (Minitab) we would identify the customer’s income level, credit balance and location that they live.…

• 1121 Words
• 5 Pages
Powerful Essays
• Good Essays

The following report presents the detailed statistical analysis of the data collected from a sample of credit customers in the department chain store AJ DAVIS.…

• 964 Words
• 4 Pages
Good Essays
• Best Essays

Method such as collecting consumer data can be utilized to quantitatively evaluate the impact of a new store on the trade area. Retail chains like Lowe’s can collect information from their customer through surveys that collects consumers’ shopping preference, request credit card user census from card companies, or signing up for speciality card in store and record the addresses of the customers. A map can be formulated from the census data to show the area where people spend the most at the store and expand to a location that is closest to the major source of demand.…

• 1992 Words
• 8 Pages
Best Essays