Practice Questions

(Intro_Consumers excel sheet)

Q1) Do you feel there are outliers for the variable Income?

Q2) If you feel there are outliers, are they on the higher values or lower values?

Q3) On an average which payment mode is used for this retail shop?

Q4) What is the probability that a consumer is from City “C”, if we find that the payment mode is
already done in “Cash”?

Q5) Do female consumers pay in cash more?

Q6) What is the probability of a consumer to be “Female” and paying by “Cash”?

Q7) What is the probability that 40% of the customers pay by cash?

Q8) What is the probability that revenue earned from customers would be between 5,00,000 to
10,00,000?

Q9) What is the probability that 30% of customers from City A, are females?