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BUS501 - Business Analytics and Statistics Assignment

14 Pages2578 Words66 Views
   

University of the Sunshine Coast Queensland Australia

   

Business Analytics and Statistics (BUS501)

   

Added on  2020-03-16

BUS501 - Business Analytics and Statistics Assignment

   

University of the Sunshine Coast Queensland Australia

   

Business Analytics and Statistics (BUS501)

   Added on 2020-03-16

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BUS501 - Business Analytics and StatisticsName:Lecturer name:7th October 2017
BUS501 - Business Analytics and Statistics Assignment_1
Table of Contents1.Introduction..............................................................................................................................32.Problem definition and business intelligence required.............................................................43.Selected analytics methods and technical analysis...................................................................54.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?..............................................................7Hypothesis 1:............................................................................................................................7Hypothesis 2:............................................................................................................................8Analysis 3: Are the differences in sales performance based on where the product is located in the shop?......................................................................................................................................8Hypothesis 4:............................................................................................................................9Analysis 4: Is there a difference in sales and gross profits between different months of the year?.............................................................................................................................................9Hypothesis 5:............................................................................................................................9Hypothesis 6:..........................................................................................................................10Analysis 5: Are their differences in sales performance between different seasons?.................115.Discussion of the results and recommendations.....................................................................12
BUS501 - Business Analytics and Statistics Assignment_2
Table 1: Top 10 best-selling products.............................................................................................6Table 2: Top 10 worst performing 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
BUS501 - Business Analytics and Statistics Assignment_3
1.Introduction Key performance, operational, group or at individual level is a noteworthy goal of anyorganization. In order to appreciate the degree at which organizational objectives have beenaccomplished and business techniques have been successful, it is important to create abenchmark of an integrated system that can tell at any given time the performance of thebusiness. In addition, any decision made by the management ought to be founded on a decentlearning of the current condition of the business, which isn't conceivable without performancebenchmarks. It is for this reason the CEO of the Good Harvest firm, with full knowledge ofthe critical need to learn from data tasked the data analyst to present him with analysis of thecompany’s one-year data. Good Harvest is a company dealing in organic farm products. Thecompany is involved in growing and selling directly to their customers through home deliveryprogram. The major concern of the CEO is in regard to the sales performance of the company.However, it has to be noted that sales performance is a dependant of multiple factors. Thisreport will therefore be presenting the learnings obtained from the analysed data.2.Problem definition and business intelligence required The major concern of the CEO is analyzing the sales performance of the organization-this isthe main objective. However, to answer this objective, a number of research questions listedbelow need to answered;a)What are the top/worst selling products in terms of sales?b)Is there a difference in payments methods?c)Are the differences in sales performance based on where the product is located in the
BUS501 - Business Analytics and Statistics Assignment_4

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