Data Analysis Assignment Example | Topics and Well Written Essays - 1000 words

Data Analysis - Assignment Example However, this region is poorer than other parts of U.S. This can be seen from the economic characteristics of the population. The average family income in this region is $36,299, whereas in the other parts of the U.S, the average income is $50,046. This again reiterates the point that this region is poorer than other U.S regions and luxuries won’t do well in this region. The products that should be developed for this region should be necessities like food, basic clothing and other necessary household items. Another piece of statistic that shows that luxuries cannot prevail in this region is the fact that almost 25% families are living below poverty lines in the region. The total U.S average below poverty lines is only 9%. This shows that designer goods and luxuries won’t do well in this region. However, this region is at par in terms of education with 24% of the people having bachelor’s degree, which is equal to the U.S national average. In short, this market can be served well if the goods produced for this region are cheap and are less costly. The median age is about the same in Chicago and the U.S. This shows that same products can be offered to this region as being offered in the rest of U.S. The median of Chicago 34.1 years, whereas in 35.3 years. This shows the population pattern is more of less very same, and the products that are offered in the entire U.S region can be offered to the region 60616. In Chicago around 79% of the population is above18, whereas the figure reduces to 75% in the entire U.S.A. This can be used by marketing experts when devising the adverts for their product. They should keep in mind to make adverts which are factual because the majority of the population is mature. Here, the information should not be incorrect, because then a lot of people will not buy the firm’s product. Overall, the chunk of population above 18 is quite similar, but in Chicago the share is higher and as a result advertisers should take into