Descriptive Statistics

Our Existing Customer

Descriptive Statistics
Customer
ID
Age Spend Income
Mean 25.57 1545.57
Standard
Deviation
6.33 707.04
Median 31000
Correlatio
n
0.29

Analysis of Descriptive statistics
Mean
There is extraction of mean of age and spending. Generally, their
products are majorly used by consumers at age of approx. 25 to 26
years.
The average spending of consumers had been extracted approx. 1545
which reflects their annual spending.
It could be justified from trend line that as consumers annual income is
increased, it would give similar impact to their spending level.