Get comprehensive study material on Business Statistics including solved assignments, essays, and dissertations. Find answers to various topics and concepts in Business Statistics.
Contribute Materials
Your contribution can guide someone’s learning journey. Share your
documents today.
Running head: BUSINESS STATISTICS BUSINESS STATISTICS Name of the Student Name of the University Author Note
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
BUSINESS STATISTICS Table of Contents Answer to Part A.............................................................................................................................2 Hypothesis....................................................................................................................................2 Results and Interpretation............................................................................................................2 Answer to Part B..............................................................................................................................3 Hypothesis....................................................................................................................................3 Results and Interpretation............................................................................................................4 Answer to Part C..............................................................................................................................5 Hypothesis....................................................................................................................................5 Results and Interpretation............................................................................................................6 Bibliography....................................................................................................................................7
BUSINESS STATISTICS Answer to Part A The hypothesis can be understood to be the proposed explanation of a particular phenomenon. The scientific method of a hypothesis requires it to be tested and the general hypothesis are generally based on the observations which can be satisfactorily explained and assessed with the help of various scientific theories. The hypothesis which has been made use of in the given study can be understood to be as follows: Independent Variable: Attitude towards the brand Dependent Variable: Purchase intention of brand Hypothesis H1(Alternative Hypothesis) = The Gender of an individual and the Attitude towards the brand has a strong impact on the purchase intention of the brand H0(Null Hypothesis) = The Gender of an individual and the Attitude towards the brand has no impact on the purchase intention of the brand. Results and Interpretation The test which has been conducted between the three variables can be understood to be the Correlation Analysis. The correlation analysis can be understood to be a statistical analysis which can be undertaken in order to determine the relationship which exists between the two variables. In line of this, the correlation determines the extent to which the change in one of the variable has an impact on the other variable. According toMariappan(2019), the correlation coefficient between 0 to -1. Is known as negative correlation whereas the correlation coefficient
BUSINESS STATISTICS between 0 to 1 can be stated to be Positive correlation. The correlation coefficient above 0.7 is generally known as a high and strong correlation. In the given Table, the correlation of the Gender of the respondent, the Attitude towards the brand and the Purchase Intention has been undertaken. In line of this, it was found that the Gender and the Attitude towards the brand had positive correlation, however the coefficient was low. The correlation coefficient came up to be 0.174. In regard to this, the correlation between the Purchase intention of a brand and the Attitude towards a brand was negative and low at - 0.338 and lastly, the correlation between the Purchase intention and gender was also negative and very low at -0.066. Hence, this means that although there exists a correlation between the Gender of the respondent and the attitude towards the brand, however, there is a low and negative correlation between the purchase intention and the attitude towards a brand and moreover, there is negative correlation between the gender of the respondent and the Purchase intention. Hence, in this scenario, the Null hypothesis can be accepted and it can be mentioned that the Gender and attitude towards a brand has no relationship with the purchase intention. Answer to Part B Hypothesis The hypothesis of this test can be understood to be as follows: Null Hypothesis (H0): The income level of an individual has no impact on the Brand awareness. Alternate Hypothesis (H1): The income level of an individual has a strong impact on the Brand awareness.
Secure Best Marks with AI Grader
Need help grading? Try our AI Grader for instant feedback on your assignments.
BUSINESS STATISTICS Results and Interpretation The various tests which have been undertaken can be understood to be the Cross tabulation and the Chi Square Tests. The first test as done on the Cross tabulation, has undertaken the awareness of the brands based on the Income level. The income has been categorized into three various categories which are low income, middle income and the high income. It was reflected that, out of the 35 low income respondents, 25 of them were not aware of the brand whereas only 10 of them were aware of it. With respect to the middle income group, it could be witnessed that, out of the 50 respondents, 29 of them were unaware and the rest 21 of them were aware of a brand.Lastly, out of the 117 high income individuals, 57 of them were not aware of the brand whereas 60 of them were aware. On an average, with respect to the entire data set, 55% were aware of a brand whereas the rest 45% were not aware of the brand. Hence, it can be rightfully witnessed that the awareness of a brand tends to improve based on the increase in income level. The Chi Square has been done between the income level and the brand and from this, it can be rightfully witnessed that, the Pearson Chi Square value is 5.863 which means that it is very low as compared to the minimum expected test statistic of 15.77.Additionally, the P value is 0.053 which is more than 0.05 and hence, this indicates that there is no relationship between the Income group and the Brand awareness of firm and hence, the alternate hypothesis cannot be accepted and instead the null hypothesis level is accepted.
BUSINESS STATISTICS Answer to Part C Hypothesis In the analysis it can be witnessed that, the researcher is looking into researching the relationship which exists between the attitude towards a brand from the perspective of variation gender and the age. Hence, two hypotheses can be identified in this study and they have been mentioned to be as follows: 1. Null hypothesis (H0): The Gender and Age of the individual has an impact on the attitude towards the brand. Alternate Hypothesis (H1) The Gender and Age of the individual has no impact on the attitude towards the brand. 2. Null hypothesis (H0): The Gender of the individual has an impact on the attitude towards the brand. Alternate Hypothesis (H1) The Gender of the individual has no impact on the attitude towards the brand. 3. Null hypothesis (H0): The Age of the individual has an impact on the attitude towards the brand.
BUSINESS STATISTICS Alternate Hypothesis (H1) The Age of the individual has no impact on the attitude towards the brand. Results and Interpretation The table 1 is the Descriptive Statistics which highlights the Mean and other statistical information related to the various Income level and varied age of the individuals. From the table, it can be assessed that, the opinion of the male respondents is stronger in the survey whereas that of the female is less than the corresponding female respondents. Additionally, a majority of respondents in the study belonged to the higher income group and the least number of respondents belonged to the lower income group. The particular rows of the Test of between Subject effects which are crucial relate to the Income, Gender and the Gender*Income.The rows provide information on the Independent variables of the Gender and the Age and their interaction which is the (Gender*Income). It has been tested whether they have a statistical significant effect on the attitude towards the brand which is the Independent variable. Hence, in this case, the Gender*Age interaction reflects that, the p value is 0.000 and hence, there is a significant relationship of both the factors combined on the brand related attitude. If taken separately, the Income of an individual has an impact on the attitude towards the brand as the value is less than 0.005 whereas Gender has no individual impact on the attitude towards the brand as the p value is 0.979.Hence, in this case in Hypothesis 1 and 3, alternate hypothesis will be accepted and the null will be rejected, whereas in Hypothesis 2, the null hypothesis is accepted thus depicting no relationship between Gender and the attitude towards the brand.
Paraphrase This Document
Need a fresh take? Get an instant paraphrase of this document with our AI Paraphraser
BUSINESS STATISTICS Bibliography Anderson, D. R., Sweeney, D. J., Williams, T. A., Camm, J. D., & Cochran, J. J. (2016).Statistics for business & economics. Nelson Education. Buglear, J., & Castell, A. (2019).Stats Means Business: Statistics and Business Analytics for Business, Hospitality and Tourism. Routledge. Gupta, K. R., & Gupta, M. P. (2017).Business statistics. Atlantic Publishers & Distributors. Mariappan, P. (2019).Statistics for Business. Chapman and Hall/CRC. Siegel, A. (2016).Practical business statistics. Academic Press.