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# Aerofit-Business-Case-Study | ||
'🎯 Business Case : Aerofit - Descriptive Stats & Probability | ||
# Business Case : Aerofit - Descriptive Stats & Probability | ||
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# 🎯 Objective | ||
Create comprehensive customer profiles for each AeroFit treadmill product through descriptive analytics. Develop two-way contingency tables and analyze conditional and marginal probabilities to discern customer characteristics, facilitating improved product recommendations and informed business decisions. | ||
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# About the data | ||
The company collected the data on individuals who purchased a treadmill from the AeroFit stores during three months.The data is available in a single csv file | ||
Product Portfolio | ||
- The KP281 is an entry-level treadmill that sells for USD 1,500. | ||
- The KP481 is for mid-level runners that sell for USD 1,750. | ||
- The KP781 treadmill is having advanced features that sell for USD 2,500. | ||
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# Business Recommendations | ||
- In the income bracket of 38000 to 54000, both demographics show a preference for KP281, resulting in lower sales of KP481. | ||
- Enhancements in functionality or additional features could be incorporated into KP481. | ||
- Offering special discounts targeted towards females could effectively stimulate sales within this demographic. | ||
- Implementing targeted advertising campaigns aimed specifically at females would likely result in increased sales within this demographic. | ||
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# Analysis | ||
- The majority of treadmill users fall within the age range of 23 to 35. | ||
- KP281 is the most commonly purchased treadmill model, with 80% of buyers opting for it, followed by | ||
- KP481 at 60%, and KP781 with only a 35% share. | ||
- Across all three treadmill models, males make up the predominant buyer demographic. | ||
- Treadmill purchasing tendencies correlate with income levels, with lower income individuals tending to opt for lower-tier treadmill models. | ||
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# Customer Profiling | ||
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# KP281 | ||
- Age: 23 to 33 | ||
- Income: 38000 to 54000 | ||
- Usage: 3 to 4 times a week | ||
- Marital Status: Partnered are more likely to use KP281 | ||
- Gender: Both Male and female are equally using KP281 | ||
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# KP481 | ||
- Age: 24 to 34 | ||
- Income: 45000 to 55000 | ||
- Usage: 3 to 3.5 times a week | ||
- Marital Status: Partnered are more likely to use KP481 | ||
- Gender: Male are more likely to use KP481 as compared to Female | ||
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# KP781 | ||
- Age: 24 to 29 | ||
- Income: 60000 to 90000 | ||
- Usage: 4 to 5 times a week | ||
- Marital Status: Partnered are more likely to use KP781 | ||
- Gender: The usage of KP781 is significantly higher among males compared to females, with 18% of males purchasing the product compared to only 3% of females | ||
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