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Assignment BUS501 - Business Analytics and Statistics

14 Pages2525 Words105 Views
   

Business Analytics and Statistics (BUS501)

   

Added on  2020-03-16

Assignment BUS501 - Business Analytics and Statistics

   

Business Analytics and Statistics (BUS501)

   Added on 2020-03-16

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BUS501 - Business Analytics and StatisticsStudent Name:Lecturer name:7th October 2017
Assignment BUS501 - Business Analytics and Statistics_1
Table of Contents1.Introduction..............................................................................................................................32.Problem definition and business intelligence required.............................................................43.Selected analytics methods and technical analysis...................................................................44.Results and findings.................................................................................................................5Analysis 1: What are the top/worst selling products in terms of sales?.......................................5Analysis 2: Is there a difference in payments methods?..............................................................6Hypothesis 1:............................................................................................................................7Hypothesis 2:............................................................................................................................8Hypothesis 4:............................................................................................................................9Analysis 4: Is there a difference in sales and gross profits between different months of the year?.............................................................................................................................................9Hypothesis 5:..........................................................................................................................10Analysis 5: Are there differences in sales performance between different seasons?.................11Hypothesis 7:..........................................................................................................................11Discussion of the results and recommendations............................................................................12References......................................................................................................................................13
Assignment BUS501 - Business Analytics and Statistics_2
Table 1: Top 6 best-selling products...............................................................................................6Table 2: Top 5 worst-selling products.............................................................................................6Table 3: t-Test: Two-Sample Assuming Equal Variances..............................................................7Table 4: t-Test: Two-Sample Assuming Equal Variances..............................................................8Table 5: Analysis of variance (ANOVA) for the total sales versus product location.....................9
Assignment BUS501 - Business Analytics and Statistics_3
1.Introduction This report concerns the Good Harvest Organic Farm and Markets. The enterprise grows arange of quality fresh organic produce and sells direct to the local community through itshome delivery service. They strive to bring to their clients the greatest selection of thefreshest, healthiest, natural & organic grocery products on the market today.Organic products are those products that are grown under some set standards for the OrganicFood Production Act and they are strictly regulated to ensure a chemical-free product[ CITATION Mar08 \l 1033 ]. Organic food handlers, for instance the Good Harvest Market, aremainly committed to ensure that integrity in the label is maintained. Good Harvest Organic Farm has just been in the market for barely two years. The CEO isinterested in utilizing data to understand how the firm has been performing in terms of sales.This study therefore aimed at understanding how the firm has been performing in the last 2years and probably advice on the best practises that the company can undertake in order toensure they remain ahead when it comes to their performance in terms of sales revenues.2.Problem definition and business intelligence required Managers as well as the board of directors of companies are normally faced by myriad ofchallenges. They burn the midnight oil trying to come up with ways in which they can ensuretheir company remains in the market for the next several years to come. This is not anexception to the CEO of Good Harvest Organic Farm. The company is apparently young andas such a lot of learnings need to be documented and most likely the best practices be usedwhile doing away with bad practices that can make the company not prosper. We arepresented with the following questions that needs to be answered;
Assignment BUS501 - Business Analytics and Statistics_4

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