Individual Data Analysis Report Assignment Example | Topics and Well Written Essays - 3000 words

Individual Data Analysis Report - Assignment ExampleAlthough he has enough intimacy needed to start such an upscale restaurant, he is unsure about the demand for such a restaurant in the urban center. The city had a population of nearly 500,000 but he could not pass on any assurance regarding the taste or the income which would generate the demand for his restaurant. In such a situation, Michael requires to get together some additional information, on the basis of which he get out succeed in promoting his restaurant in good order and make the objective, choices and price as per the preferable choice of the customers. In this context, the project aims to answer the questions raised by Michael and suggest him the most suitable way that he should choose to make his new business hinderance profitable. The questions are as follows Is there sufficient demand for such an upscale restaurant in the city? How much price are the patrons or the potential customers willing to pay? What sh ould be the operating and design characteristics of the store? Where should the restaurant be located in the city? What should be the promotional strategy that the administration should follow? In order to find the answers to these questions, the study intends to frame certain hypotheses and find the answers to the questions by judge or rejecting those. The study also uses descriptive analysis and frequencies to facilitate the process of finding the answers to the questions. Finally, the paper will be providing the necessary recommendations to Michael. Preliminary Analysis In the preliminary analysis, descriptive analysis and analysis use the frequencies is done and it is focused on finding answers to the questions raised by Michael. Frequencies of categorical variable quantity The frequencies of the categorical variable when performed, it firstly found that the deal of the metropolitan city where Michael is intending to open his business, about 100 percent of the people do eat in this type of upscale restaurant at least once in every two weeks. The analysis also revealed that maximum people is seen to pay $110 towards their meal in the restaurant for each month, which is unlike the expectation of Michael. When the survey participants were asked for their opinion on the average price aerated for an evening meal entree, they are found to spend $16 for evening meal entree itself (See accessory I). The analysis shows that about 96.3 percent of the respondents watch radio. Among those 96.3 percent, maximum of the respondents are found to be listening to inclination music. The next higher percent listens to news or the talk shows. Among the participants of the survey, about 89 percent of the respondents are found to be the viewers of the local news channel. Out of these respondents, maximum percent is the viewers of 1000 news. Among the 94.5 percent of the respondents who are the readers of publisher, a majority of the respondents are more interested in the local news. Therefore, the overall analysis reveals that a majority of the sample who participated in the study are interested in newspaper and radio as their most preferable media which they listen to often. The least preferred one is television. Thus, it can be suggested that among these three, Michael can choose