Math 533 – Ams

AIMS I will be firing over data provided about our customers based oftener location, Income size, ho drophold size, age at current location, and the credit balance they carry with our company. Using statistical analysis we rout out learn more about our customers and hopefully economic consumption this information to provide better services to our customers in the future to foreclose them customers for life.In my analysis I will go over the following * customer Location * Customer Income * Store Credit equaliser * Credit Balance Comp ard to Income Level Household surface Compared to Household Location * Household Size Compared to Income Level Where the customer lives, their Income level and the balance they hold with the company are good Indicators of customer loyalty. Extending credit to our customers is a good faith fashion of us showing the customer that we want their business and are free to take time to pay off their purchases.Before I fully discerp the numbers I woul d assume that the greater the income level the more they are charging. They have the financial meaner to pay the monthly payments and can keep a high balance. Customer location is important because it can help dissever us how often you rat the store. Someone in an urban surface area might shop 4+ times a month, where someone in a outlandish area might only shop erstwhile a month. But the person shopping 4+ times a month might be spending less than the person life story in the rural area who can only come at once a month because of distance Issues.Credit balance compared to Income level shows us how often higher Income customers are spending. Comparing the household size to the location can give us a feel for where the families are sustenance impair to the single parent or single person households are. You can use this kind of information to market and advertise special sales as necessary. Finally household size compared to the income level will show us how much large famil ies are spending and how often. This can also be useful to market big sales.Customer Location The above representation is a pie chart which shows are clients demo graphic locations. Of the 50 customers used in our take the greatest numbers of our clients are In the Urban arena, with the rural region being the least frequented. Of the sample we concluded that eve In an urban area live in a suburban area * 26% live in a rural area This is in my thinking an expected outcome. The ability to come to our store is much greater for those living in suburban and urban areas because it is closer to their proximity.While residents in the rural communities do frequent our stores they do so on a less frequent basis. Further investigation might be able to show that rural residents could possibly shop less frequently, but spend more per trip-up than someone in the urban area. Customer Income This simple bar graph shows the income level in the $1,000