MyHealthcare manufactures and sells blood pressure measurement and control products. Last year the company began selling its products online

MyHealthcare manufactures and sells blood pressure measurement and control products. Last year the company began selling its products online. Online sales have exceeded the company’s expectations, and management is now considering strategies to increase sales even further. To learn more about the online customers, a sample of 50 transactions was selected from the previous month’s sales. Data for these transactions include the day of the week each transaction was made, the time each customer spent on the website, and the amount of money each customer spent. MyHealthcare would like to gain a general understanding of customers’ buying patterns. The company uses the sample data to determine if online customers who spend more time also spend more money during their visits to the website. The company would also like to investigate the effect that day of the week has on sales. 

1. The following table shows the frequency and the average dollar amount spent per transaction for each day of the week. What observations/interpretations can you make about MyHealthcare’s business based on the day of the week?

Day of the Frequency of Average Amount (in Week Transaction Dollars) Spent Fri 11 88.10 Mon 9 90.55 Sat

54.11 Sun 5 47.20 Thu 5 54.37 Tue 7 59.27 Wed 6 65.30