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Business Analysis and Statistics Report
17 Pages3550 Words222 Views
Added on 2020-04-07
Business Analysis and Statistics Report
Added on 2020-04-07
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Surname 1Business analysis and statisticsNameThe Name of the Class (Course)Professor (Tutor)The Name of the School (University)The City and State where it is locatedDate
Surname 2Table of ContentsTable of Contents.......................................................................................................................2Introduction................................................................................................................................2Research objectives................................................................................................................3Research hypothesis...............................................................................................................3Results and discussion................................................................................................................4Conclusion................................................................................................................................13References................................................................................................................................15Appendix..................................................................................................................................16IntroductionThe report is designed to analyze the smallhealthfood shop on theSunshine Coastperformance, though put the year. The main focus will be on the average sales, gross salestotals profit and net sales of this business as they are the main measure of business progress.First, the coding of data was checked to ensure that they are appropriate. Notably, the monthof the year, the season of the year, and the weekday variables were changed in the SPSS fromordinal to nominal. This is because, by Leech, et al., (2014) nominal variable are those that dotheir rank do not matter whereas the ordinal variables the ranks matter. For instance, the daysof the year were left to be on an ordinal scale, and the month of the year, the season of the yearand weekday were changed to nominal variables. The change was due to the fact that thesevariable ranks do not matter. Statistical analysis, both descriptive and inferential statistics were performed todetermine the characteristics, measure of central tendency and dispersion and to test thehypothesis. The research exclusively used business statistical approach to determine the stateof the business. The research was designed to achieve the following objectives.
Surname 3Research objectivesThe report was designed to achieve the following objectives;Describe the distribution of the variables that evaluate the performance of thesmallhealthfood shop on theSunshine Coast.Determine whether the sales are equal in all the seasons.Determine whether the profit differs from season to season.Determine whether the profit differs in different months.Give recommendation based on the findings.Research hypothesisThe analysis focused on testing the hypotheses:1.H0: the average performance of different methods of payment is equal.H1: the average performance of different methods of payment is equal.2.H0: there is no difference in the average sale of different product locationH1: there is a significant sales average difference by the product location.3.H0: the average net profit accrued from different selling position is not significantlydifferentH1: the average net profit accrued from different selling position is significantlydifferent.4.H0: The net sales in different seasons of the year were not different.H1: The net sales in different seasons of the year were different.The analysis was designed to give a detailed discussion of the findings, obtained whenassessing the given hypothesis.
Surname 4Results and discussionDescriptive statistics for the net sales, average sales, profit total and cash total, werecomputed. The results are as summarized in Table 1.Table 1: Descriptive statisticsDescriptive StatisticsNRangeMinimumMaximumMeanStd. DeviationSkewnessStatisticStatisticStatisticStatisticStatisticStatisticStatisticStd. ErrorNet_Sales3662370023701014.26313.986-.362.128Average_Sale3585386118.523.9853.758.129Profit Total366305.95-33.98271.9730.709830.056613.274.128Cash_Total366119501195404.29153.643.490.128Valid N (listwise)358The average net sale is $1,014.26 (SD = $313.99). The minimum net sale zero and themaximum of $2,370, meaning that the range is $2,370. The net sale has a negatively skewedplot, but it is not that much skewed. The average sales mean is $18.52 (SD = $3.99). Theskewness coefficient shows that the average sales data are very skewed since the coefficient isgreater than 2.00 [ CITATION aut13 \l 1033 ]. The same distribution is seen in the profit total,which has an average of $30.06 (SD = $3.27). Lastly, the cash total average is $404.29 (SD =$153.64). The data distribution is not that skewed since it is close to zero [ CITATION Bla13 \l 1033 ].
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