Matching business questions
You and your team are analyzing the performance of a new marketing campaign for a retail company. The goal is to understand what drives sales and optimize future strategies. Your dataset includes:
- Monthly sales revenue (total amount earned from purchases)
- Advertising spend (how much was invested in marketing each month)
- Customer foot traffic (the number of people visiting the store)
For which business question would a multivariate distribution and joint probability be useful in analyzing the data?
This exercise is part of the course
Advanced Probability: Uncertainty in Data
Hands-on interactive exercise
Turn theory into action with one of our interactive exercises
