M1 discussion

Select one product of your choice (e.g., a computer, video camera, watch, jacket, purse, car, etc.). Search on the Internet for at least 15 different online vendors: e,g, BestBuy, eBay, Amazon, etc. Collect the product price per vendor and prepare a table in Excel. Include the names of the vendors, website, price of the product. Include shipping cost and taxes (if applicable), and then calculate final product price (price+taxes+shipping). At the bottom of your table, include descriptive statistics of your data set: Average price Price standard deviation Price Median Maximum value Minimum value Range IMPORTANT: Insert your table as a JPG image. Do not attach your image, it must be presented on the discussion board. Make sure your table has a professional look. Finally, answer the following questions: Copy and paste the questions on your Discussion report and use them to fill your answers. Requirements: as long as need Did you find any challenge on your data collection procedure? Which sampling technique did you use? Explain how you selected the 15 vendors to ensure that your data collection was random. Be clear on your explanations. Based on the data collected and statistical analysis, what can you tell about the distribution in prices?
Apply critical thinking. Did you find any challenge on your data collection procedure?
Which sampling technique did you use?
Explain how you selected the 15 vendors to ensure that your data collection was random. Be clear on your explanations.
Based on the data collected and statistical analysis, what can you tell about the distribution in prices?
Apply critical thinking.

Prof. Angela

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