Journal of Student Research 2015

77

Contingency Valuation and Interviews in Open-Source Software Market:

The table below contains the descriptive statistics for the Willingness-to-Pay questions.

Descriptive Statistics

σ

Question Asked

N Range Minimum Maximum

Mean

Approximately how much did you pay for your current statistical analysis software? (Minimum of 0, Maximum of $1,000) At what price would you consider statistical analysis software to be so inexpensive that you would have some doubts about the product quality? (Minimum of 0, Maximum of $1,000) At what price would you consider statistical analysis software to be expensive but still worth buying because of product quality? (Minimum of 0, Maximum of $1,000) At what price would you consider statistical analysis software to be so expensive that it would not be worth purchasing regardless of product quality? (Minimum of 0, Maximum of $1,000) Please state the price you would expect to pay for statistical analysis software? (Minimum of 0, Maximum of $1,000)

9 $1,000

$0

$1,000 $227.78 $336.444

9

$350

$0

$350 $72.22 $132.550

9 $1,000

$0

$1,000 $594.44 $406.544

9 $1,000

$0

$1,000 $677.89 $403.144

9 $1,000

$0

$1,000 $286.11 $322.856

Valid N (listwise)

9

A priori expectations proceed from known causes within other research, academic knowledge, and completely indepen dent of observations. They provide a base set of economic logic and reasoning to be analyzed against the sample data.

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