Top 32 Order IDs by Price Each: No Dominant Leader
Highest Prices Each for 32 of 100 Order IDs
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Key takeaway: The data suggests that certain orders have significantly higher or lower average prices, which could indicate differences in product types or customer segments. This information can be used to tailor marketing strategies or adjust pricing models. The dataset contains information about product orders, including order ID, product name, quantity, price, and order date. The table provided shows the average price for each order ID, ranked from highest to lowest. The highest average price is $199.26 for order ID 38, while the lowest is $143.35 for order ID 21. Additionally, the Cohens d values for the average prices indicate the effect size or the standardized difference between the means. A higher Cohens d value suggests a larger difference from the overall mean price. For example, order ID 38 has a Cohens d value of 1.70, indicating a significantly higher average price compared to the overall mean. Conversely, order ID 21 has a Cohens d value of -1.74, indicating a significantly lower average price. The analysis shows that there is no single order ID that stands out dramatically in the rankings of average prices. However, the Cohens d values highlight that some orders have notably higher or lower average prices, which could be useful for identifying trends or patterns in the data. For instance, orders with high average prices might be associated with premium products or bulk purchases, while those with low average prices could be linked to discounts or smaller orders. Understanding these differences can help in making informed business decisions.