Discuss any specific statistical results that would help the Beltway Shoes Marke

Question

Discuss any specific statistical results that would help the Beltway Shoes Marketing Department understand the regional shoe market.

Western Region Eastern Region Original Price Sale Price Days to Sell Original Price Sale Price Days to Sell Mean 109.78 80.44 62.68 Mean 108.62 85.24 66.86 Median 113.5 79.00 58.50 Median 103.00 86.00 62.00 Standard Deviation 27.92 26.96 44.78 Standard Deviation 20.90 23.72 40.22 Range 96.00 109.00 188.00 Range 76.00 101.00 187.00 Min 54 34 1 73 40 2 Max 150 143 189 149 141 189

Explanation / Answer

in the need to statistically analyse the given western and the eastern market the significance test involving the hypothesis test will be the best suited to compare the two market in this we can have the null hypothesis that the western is having the more influential role on consumer while the alternate can be oppsite of this. hence by taking the two tailed test we can compate both the markets.

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