Impact of Covid 19 on Business Performance: Statistical Analysis
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Added on 2023/06/12
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This report analyses the impact of Covid 19 on business performance of various countries using statistical techniques like mean, median, mode, sum and Excel AutoSum features. Data is collected from the site of World Health Organisation in order to get infection rate and death rate of humans in different countries.
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Table of Contents INTRODUCTION...........................................................................................................................3 MAIN BODY...................................................................................................................................3 Calculation of the percentage on collected data..........................................................................3 Application of statistical technique and Excel AutoSum features..............................................4 Charts of data with labelling.......................................................................................................5 Findings and analysis..................................................................................................................7 CONCLUSION................................................................................................................................9 REFERENCES..............................................................................................................................10
INTRODUCTION Covid 19 pandemic is the biggest shock that has affected economy of the various country. Global pandemic has a greater impact on business performance and productivity. There is a negative impact of Covid 19 on the productivity of the business. When the cases of Covid 19 rises in the world a complete and strict lock down was announced which affect various industry. Various restriction was imposed on trading as well as international travelling was also banned which affect the hospitality industry in huge manner(Gopalan and Misra, 2020). Human life is not only affect by the Covid 19 but also the operation of the organisation is being impacted. The effect of pandemic on businesses are high employee turnover, lower production, market sale were low, purchasing power decreases in greater sense. In this report information that would be gathered will be analysed in order to see the impact of Covid 19 pandemic on business performance of various countries(Girdhar and et. al, 2021). The data will be evaluated various stastical formula like mean, median, mode, sum which will be applied so that a proper data analysis can be done. For this report data will be gathered from the site of World health organisation in order to get infection rate and death rate of human in different countries. The information is collected from the year 2022. MAIN BODY Calculation of the percentage on collected data Table of infection case with percentage CountryTotal infection casesTotal infection cases in Percentage United States of America7913938531.81 India4301637217.29 Brazil2972999111.95 France239035479.61 The United Kingdom206138218.29 Germany198930288.00 Russia177153907.12 Turkey147603315.93
Table of death rate with percentage CountryTotal death casesTotal death cases in Percentage United States of America96790531.86 India51675517.01 Brazil65799821.66 France1382734.55 The United Kingdom1642825.41 Germany1281104.22 Russia36661812.07 Turkey975983.21 Application of statistical technique and Excel AutoSum features CountryTotal infection casesTotal death cases UnitedStatesof America79139385967905 India43016372516755 Brazil29729991657998 France23903547138273 The United Kingdom20613821164282 Germany19893028128110 Russia17715390366618 Turkey1476033197598 Sum2487718653037539 Mean31096483.13379692.375 Median22258684265450 Maximum79139385967905 Minimum1476033197598
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Charts of data with labelling Figure1: Chart of total infection rate in countries Figure2: Graph of total death case
Figure3: Graph of percentage of total infection in a country Figure4: Graph of death in percentage
Findings and analysis There is a negative and very huge impact of Covid 19 on various countries. It becomes impossible for the nation to control the situation at fast pace. Covid 19 not only affect the life of human but also its impact were seen on various business sector. Covid 19 has a negative impact on the business performance. Various sector like retail, entertainment, fast food, hospitality were seen a downfall in their business performance. Almost each and every department of the different organisation is being affected by global crisis(Song and Zhou, 2020). The legal authority of the countries put various restriction in order to reduce the spread of the virus and save their economy. Some of the rules are limiting export and import, international travelling was banned. A complete lockdown was imposed which affect the business productivity of the country.The major problem that were encounter by the companies are improper supply chain management, high employee turnover, limited income and sale and many more. All this affect the business performance and productivity in greater sense. It becomes very difficult for the companies to market their product in huge amount and earn profit out of them. Data interpretation: In this report data is collected for seven different countries in the form of infection rate and death rate which is putted in excel to analyse the data. The seven countries which is chosen are United States of America, India, Brazil, France, The United Kingdom, Germany, Russia and Turkey. For evaluating and analysing information different statistical technique is being selected some of them is mean, median, mode. Other excel function is also used in this report which are sum, maximum, minimum and percentage. Percentage:From the above table it is seen that high infection percentage is on United state of America which indicate that Covid 19 impact a lot on America which affect their business productivity. The death rate is also high in the country which is 31.86 percent. This means that almost one fourth of the total infection population dies. it becomes were difficult for the people of the country to do their business as the fear of risk was high inn the country as compared to other nations. The infection rate is 79139385 and the death rate is 967905 in United state of America. Sum:Sum function is used in the Excel to calculate the total number in a series. From the accumulated data from WHO it is seen that the total cases in seven countries are 248771865 and the death rate is 3037539. It means that if the total number of cases in the sevn countires is so
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high that performing business in such critically condition is quite impossible for the organisation. As the number of cases increases the productivity decrease, because employee wants to save them for the caught of virus.It is very important for the government to safe their citizen and for that they applied strict restriction which impact the various business. Mean:Mean is used to denote the average of the series. It is calculated by dividing a particular number of the series by the total of the series. In this report mean is calculated to know the average number of infection rate and death rate of the seven countries. With the piece f information it is found that the average infection rate of nation is 31096483 and the death rate mean is 379692. The average is quite high which means operating business in such situation is very risky for the companies. Median:This is another aspect of central tendency which is used to divide the column in upper and lower part. In the above collected information it is seen that the median of infection rate is 22258684 and death rate is 265450. This means that if counties reduced their infection rate and death rate from the above value then they will perform their business in more effective and efficient manner.To improve the business performance and productivity they need to take proper measure so employee feels safe while working in the organisation. Maximum:Maximum function is used to know the highest number of the data. From the assemble data of seven countries the highest number of cases is in United state of America and the death rate is also high in that country. So the nation were business are largely impacted is United state of America. Minimum:Minimum refers to lowest number in a series. With the above accumulate data; it is being fin that turkey has the lowest infection rate as compared to other nation. The infection rate is 147660331 and also the death rate is also low which is 97598. So doing business i that nation is quite easier as compared to other if they put effective measures to overcome from Covid 19 pandemic and enhance their business performance. If government put ore efforts of turkey them business can come back to the original track before Covid 19. In this report count ad mode function is not applied because there is no need of the two function. It is also analysed that impact of Covid 119 pandemic was worst for the companies and economy of nation
CONCLUSION From the above accumulated data from the WHO site it is concluded that impact of Covid 19 on business performance are so worse. The pandemic hit the entire nation in greater way which hugely impact their business performance and productivity. Covid 19 has fallen down the economy of the countries in just two year. From the data it is also concluded that if any Crisis occur in the business impact a lot and it becomes very difficult to take measure. The above data summarised that the infection rate was so high that it not only impact the people but indirectly its impact was largely on the business operation. The information helps in gaining detailed insight of Covid19 and how it impacts the working of organisation.
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