Descriptive Statistics, Probability, and Risk Assessment, business & finance homework help

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Business Analytics

You are a consultant who works for the Diligent Consulting Group. In this Case, you are engaged on a consulting basis by Loving Organic Foods. In order to get a better idea of what might have motivated customers’ buying habits you are asked to analyze the ages of the customers who have purchased organic foods over the past 3 months. Past research done by the Diligent Consulting Group has shown that different age groups buy certain products for different reasons. Loving Organic Foods has sent a survey to 200 customers who have previously purchased organic foods, and 124 customers have responded. The survey includes age data of past customers who purchased organic foods in the previous quarter.

Length requirements: 4–5 pages minimum (not including Cover and Reference pages). NOTE: You must submit 4–5 pages of written discussion and analysis. This means that you should avoid use of tables and charts as “space fillers.”

Provide a brief introduction to/background of the problem.

Provide a brief description of organic food industry and target market characteristics such as their demographics, lifestyles and shopping behaviors.

Provide a written analysis that supports your Histogram age groups (bins).

Based on your analysis of the histogram data, provide complete and meaningful recommendations as the data relates to Loving Organic Foods’s marketing strategy.

Here are some guidelines on how to conduct information search and build critical thinking skills.

Emerald Group Publishing. (n.d.). Searching for Information. Retrieved from http://www.emeraldinsight.com/learning/study_skill…

Emerald Group Publishing. (n.d.). Developing Critical Thinking. Retrieved from http://www.emeraldinsight.com/learning/study_skill…

Age Data from Survey Response

42

65

70

57

38

34

41

34

51

38

44

25

37

47

75

70

52

68

29

58

73

66

61

62

38

65

23

32

42

57

75

71

30

47

23

25

48

78

41

38

28

47

34

54

75

23

40

70

44

36

56

36

21

21

68

35

62

39

59

64

65

38

74

74

72

70

24

58

45

42

33

41

43

35

63

26

34

48

66

73

68

60

24

34

67

46

40

52

32

64

53

57

49

46

43

28

48

78

77

58

43

48

44

24

56

27

27

23

54

66

38

55

78

30

28

45

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