BUSINESS (Research Paper Sample)

Student’s Name Institution Affiliation Course Date 1 Transaction on a website. * The variables related to it are: Gender Men and women tend to shop at different websites than each other, so it could be that differences in their shopping habits affect whether or not they buy something on an online site. Culture . Some cultures embrace new technologies and embrace using websites as a way of shopping; others do not like having their money spent on things they cannot see and touch in person (like books) the age of the buyer. If the buyer is young, they may not have had much experience making purchases online, so they are more likely to make mistakes or have trouble with forms. The opposite is true for older people, who have had more time to practice this skill and are more likely to succeed. number of transactions per month, the total number of transactions being done in a particular period, e.g., a month. That would help in ascertaining the efficiency of a website. Wangand Lan, H. (2020) The ease of use for purchasing the product or service offered by the website. This refers to a client's user-friendliness and ease of understanding when making an order or purchasing it. b. my source of information about the chosen dataset was the internet- I found information about datasets by searching the web using common queries such as: "Dataset name" or "Dataset name + country." 2a)i) gender- The appropriate measure of central tendency for gender is the mean, which is the sum of all values divided by the number of values: The mean is a good measure of central tendency because it has a similar range to that of other measures. ii) Culture The most appropriate measure of central tendency for culture is the mode, which refers to the most frequent score. In this case, the mode would be the average score for all respondents. iii. The number of transactions- The mean is the appropriate measure of central tendency for the number of transactions per month. Suppose you have a maximum value in your data set and a minimum value. In that case, you could calculate the mean by dividing those values by 2 (because each observation must be at least that much greater than the minimum to be considered valid). iv. The ease of purchasing the website's product or service. The ease of use can be measured through various methods, but the best method is to look at how long it takes users to complete their purchases and then compare that time with how long it takes other users to complete their purchases. v. the age of the buyer. It can be measured through Market share. This measure is useful for comparing companies with different market shares. It allows you to see how many units a company sells and how much revenue it makes relative to other similar-sized companies. This is according to Saidi and Siew (2019) Question 2b Gender- The mean of gender is 65.8. The mean can be calculated by dividing 65 by the number of values in the data set (85), which could represent the number of males and assuming the mean of females is 66.5. The result is 63.76958, which rounds down to 63.7 for male computational purposes. Culture: Mode is a measure of central tendency that divides the sum of all values by the number of values. For example, if you have five data points with a total value of 50, then the mode is the value that appears most frequently. i.e., 5,5,5,10,6,4,5, the mode is 5. To calculate the mode for a numeric variable, divide the sum of all values by the number of values: (Sum of all values) / (Number of values). . The number of transactions- The mean (average) of a set of numbers is the sum of all the numbers divided by the number of values in the set. For example, if the number of transactions was five and there were ten, the mean would be 50/10 = 5. The ease of use for purchasing the product or service being offered by the website- By observations, we take into consideration the total amount of time used by a single customer to make a transaction, e.g., when a customer takes less than 5 minutes to make a transaction or complete an order on the website, it means that there is much ease in the use of purchasing a product or service offered by the website. This is about Chakrabarty(2021). 2c. gender- The skewness of the distribution of gender from the measures of central tendency using mean is positive, with a coefficient of 0.77. This means that there are more females than males in the sample and that males are more likely to be at the higher end of the distribution than females. Culture- it's quite skewed and doesn't accurately represent the true distribution of culture measures. The number of transactions- The skewness of the number of transactions from the measures of central tendency using mean is positive. This indicates that the data is skewed to the left, The ease of use for purchasing the product or service offered by the website -The ease of purchase by using observation is very skewed. This is because the product or service could be a luxury, and people who can afford it will have fewer issues with purchasing it than those who can't. The age of the buyer- The skewness of the age of the buyer offered is positive, indicating that as age increases, so does the number of users who purchase. 3a) The number of transactions- The range is the difference between the highest and lowest values. Considering the following data of transactions: 50000, 7000, 80000, 10,000In this case, the highest value is 10,000 and the lowest 5000, and therefore the range is 5,000. The standard deviation is calculated by taking the square root of the variance. So, in this case, it's 3,500. And finally, the variance tells us how much each value differs from its mean. In this case, it's 2,830, meaning that each number's deviation from its mean is 2,830 times smaller than the average value for that group of numbers. 3b) number of transactions per month, sample= 100 transactions with a mean The formula for calculating a 95% confidence interval with 100 people is: [(mean of 100)/n] * 1.96 This gives us an estimate of what the mean is: 5.285714285714286 =5.3 the age of the buyer a sample size of 1000 ages of people of with a mean of 600 [(600/1000] * 1.96 This gives us an estimate of what the mean is 0.38 I shall compare the ease of use for purchasing a product or service offered by a website with the number of transactions. When comparing the ease of use for purchasing a product or service being offered by a website with the number of transactions, it is clear that they are related. When an online store wants to increase its sales, they need to offer more products and services at lower prices. To do this, they must make their site easy to use and not too complicated for customers. If an online store has too many products and services on its website, it will be hard for customers to find what they need quickly. This can make it difficult for customers to decide which product or service they want because there are too many choices on the site. In addition, having too many products a...