Basic Business Statistics, Student Value Edition
14th Edition
ISBN: 9780134685113
Author: Mark L. Berenson, David M. Levine, David F. Stephan, Kathryn Szabat
Publisher: PEARSON
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Textbook Question
Chapter 2, Problem 9PS
A study of selected Kickstarter projects showed that overall a majority were successful, achieving their goal and raising, at a minimum, the targeted amounts. In an effort to identify project types that influence success, selected projects were subdivided into project categories (Film & video, Games, music, and Technology). The results are as follows:
a. Construct
b. Which type of percentage– row, column, or total–do you think is most information for these data? Explain.
c. What conclusions concerning the pattern of successful Kickstarter projects can you reach?
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A study of crowd-funded projects showed that overall a majority were successful, that is, raised at least the targeted goal amount. In an effort to identify project types that influence success, selected projects were subdivided into project categories (Film & Video, Games, Music,
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Click the icon to view the crowdfunded project data.
a. Construct contingency tables based on total percentages, row percentages, and column percentages. Complete the following contingency table based on total percentages.
Outcome
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Category
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Technology
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20.88%
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Total
38.88 %
15.58 %
33.56 %
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100 %
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%
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Chapter 2 Solutions
Basic Business Statistics, Student Value Edition
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