A Study of an Electronic Retailer Concluded That Gross Sales

question 13

Essay

A study of an electronic retailer concluded that gross sales of branches were associated with zip codes within a 5-mile radius of the branch, median household income of the county, and age-group of customers. Describe how you would organize a table of data from this study. Explain your reasoning.

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Definitions:

Classical Approaches

A set of management theories that emphasize the structuring of organizations for efficiency, focused on the formal organization and concepts like division of labor and hierarchy.

Analytics

The systematic computational analysis of data or statistics used to discover patterns, understand behaviors, and drive informed decision-making.

Large Databases

Vast collections of data organized for rapid search and retrieval by a computer, often used in business for storing critical information.

Systematic Investigation

A structured and methodical approach to research or study to gather information and answer questions.