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Assignment on Business Statistics PDF

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Added on  2020-03-16

Assignment on Business Statistics PDF

   Added on 2020-03-16

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Running head: BUSINESS STATISTICSBusiness StatisticsYour Name (First M. Last)School or Institution Name (University at Place or Town, State)1
Assignment on Business Statistics PDF_1
SHORTENED TITLE HERE IN ALL CAPSTable of ContentsTable of Contents.............................................................................................................................2Introduction......................................................................................................................................3Descriptive Statistics.......................................................................................................................3Nockaragua......................................................................................................................................3Industria...........................................................................................................................................6Comparison of Average Sales between the Countries.....................................................................7Relationship between Prices and Sales............................................................................................8Relationship between Prices and Sales in Nockaragua...................................................................8Relationship between Prices and Sales in Macronesia..................................................................10Relationship between Prices and Sales in Industria......................................................................12Conclusions....................................................................................................................................14Recommendations..........................................................................................................................15References and Bibliography.........................................................................................................162
Assignment on Business Statistics PDF_2
SHORTENED TITLE HERE IN ALL CAPSIntroductionThis report was prepared to assist the Board of Schmeckt Gut make a decision as to which stores to open in each of the countries of Nockaragua, Macronesia and Industria. The intention of the board was to open 5 stores in each country hence they wanted to determine which district in each country realized the highest sales returns. A comparison was done for eachdistrict in each country and on average which country recorded the highest sales. In addition, the board needed to know whether there was a correlation between prices and sales figures in each country.Descriptive StatisticsNockaraguaInitial descriptive statistics revealed that Nockaragua sold on average 3197.17 worth of sales (M=3197.17, SD= 912.95). Standard deviation of 912.95 shows a big variation of the observations from the sample mean of Nockaragua impliig that there is a wide range of fluctuations of the sales in the country. Figure 1 below; District A recorded the highest sales (25092) while district E recorded the lowest sales (14052). 3
Assignment on Business Statistics PDF_3
SHORTENED TITLE HERE IN ALL CAPSFigure 1: Sales Performance per District in NockaraguaMore summary statistics revealed results as below. Table 1: Summary Statistics of Sales in NockaraguaSalesMean3197.166667Standard Error166.6818436Median3012Mode#N/AStandard Deviation912.95Sample Variance833,485.11Kurtosis(0.94)Skewness0.47Range3151Minimum1823Maximum4974Sum95915Count30The results revealed a positive skew of 0.47 suggesting a non symmetrical distribution of the observations brought about by outliers in the data. MacronesiaIn Macronesia, District B recorded the highest sales of 53778 and the least performing district was district C that managed sales of only 3253 as shown in figure 2 below. 4
Assignment on Business Statistics PDF_4

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