basic data analysis: descriptive statistics. ch 152 coding data and the data code book data entry...
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Basic Data Analysis:Descriptive Statistics
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Ch 15 2
Coding Data and the Data Code Book
• Data entry refers to the creation of a computer file that holds the raw data taken from all of the questionnaires deemed suitable for analysis
• Data coding refers to the identification of codes that pertain to the possible responses for each question on the questionnaire
• Data code book identifies all of the variable names and code numbers associated with each possible response to each question that makes up the data set
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Ch 15 3
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Ch 15 4
Types of Statistical Analyses Used in Marketing Research
• Data summarization: the process of describing a data matrix by computing a small number of measures that characterize the data set
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Ch 15 5
Types of Statistical Analyses Used in Marketing Research
• Four functions of data summarization:
– Summarizes the data
– Applies understandable conceptualizations
– Communicates underlying patterns
– Generalizes sample findings to the population
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Ch 15 6
Why is Statistical Analysis Used?
• Why Use Statistical Analysis?
– To summarize data • The average price of a Gateway PC
is $2,489• The low is $999, and the high is
$4,678: this is the range• The mode is $2,200
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Ch 15 7
Why is Statistical Analysis Used?
• Why Use Statistical Analysis?
– To show basic patterns in the data• 30% buys at $1,500 or less• 50% buys at between $2,500 and
$1,500• 20% buys at $2,500 or more
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Ch 15 8
Why is Statistical Analysis Used?
• Why Use Statistical Analysis?
– To interpret these patterns• The majority of Gateway buyers pay
$2,500 or less
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Ch 15 9
Why is Statistical Analysis Used?
• Why Use Statistical Analysis?
– To generalize the patterns to the population• 95% of all Gateway buyers pay
between $2,000 and $3,000 for their PC’s
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Ch 15 10
Types of Statistical Analyses Used in Marketing Research
• Statistical Analysis:
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Ch 15 11
Types of Statistical Analyses Used in Marketing Research
• Five Types of Statistical Analysis:
1. Descriptive analysis: used to describe the data set
2. Inferential analysis: used to generate conclusions about the population’s characteristics based on the sample data
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Ch 15 12
Types of Statistical Analyses Used in Marketing Research3. Differences analysis: used to
compare the mean of the responses of one group to that of another group
4. Associative analysis: determines the strength and direction of relationships between two or more variables
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Ch 15 13
Types of Statistical Analyses Used in Marketing Research5. Predictive analysis: allows one to
make forecasts for future events
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Ch 15 14
Understanding Data Via Descriptive Analysis
• Two sets of descriptive measures:
– Measures of central tendency: used to report a single piece of information that describes the most typical response to a question
– Measures of variability: used to reveal the typical difference between the values in a set of values
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Ch 15 15
Understanding Data Via Descriptive Analysis
• Measures of Central Tendency:
– Mode: the value in a string of numbers that occurs most often
– Median: the value whose occurrence lies in the middle of a set of ordered values
– Mean: sometimes referred to as the “arithmetic mean”; the average value characterizing a set of numbers
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Ch 15 16
Understanding Data Via Descriptive Analysis
• Measures of Variability:– Frequency distribution reveals the number
(percent) of occurrences of each number or set of numbers
– Range identifies the maximum and minimum values in a set of numbers
– Standard deviation indicates the degree of variation in a way that can be translated into a bell-shaped curve distribution
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Ch 15 17
Understanding Data Via Descriptive Analysis
• Measures of Variability:
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Ch 15 18
When to Use a Particular Statistic