Statistical Analysis of Eco-Fone's Business Expansion Plan: A Report

Desklib provides past papers and solved assignments. This report analyzes Eco-Fone's expansion plan using statistical methods.

Summative Assessment 2019
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Contents
Task 1...............................................................................................................................................3
TASK 2............................................................................................................................................4
Task 3...............................................................................................................................................7
Task 4...............................................................................................................................................8
Task 5.............................................................................................................................................10
Task 6.............................................................................................................................................11
Task 7:...........................................................................................................................................13
Task 8:...........................................................................................................................................20
Task 9:...........................................................................................................................................22
Task 10:.........................................................................................................................................23
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Task 1
In today’s world smart phone became a big demand for everyone in the society. UK is a
populated country having approx 33.5 million people out of which 32 million are in employment.
According to the survey, half of the population involved in job hardly used their smart phones
for their work related to their business. The most common usage of the smart phone among
workers in mid 2017: email (42 per cent) voice call (38 per cent) application of calendar (27 per
cent). The applications which are easier to use are used more as compared to the application
which are complex in use, which means difficult application having lower usage among the
workers. The view is that there are many unofficial smart phone applications which are widely
used in the enterprises such as: photo application, quick messaging, and navigation. According to
the research 43 per cent workers use whatsApp once in a day. There is little usage of the smart
phone applications which are related to work flow rather than communication.
Usage of smart phones for work related activities in 2016-17:
2016 2017
1. Email 41% 37%
2. Making standard calls 33% 32%
3. Calendar Management 3% 0%
4. Making voice calls using internet 6% 4%
5. Submitting Expenses 4% 3%
6. Others 3% 2%
7. Accessing the company’s intranet 6% 6%
8. None of these 44% 50%
Hence smart phone is idle device for workers who respond instantly to the contextual
information on timely basis.
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TASK 2
2011 2012 2013 2014 2015 2016 2017 2018
0%
10%
20%
30%
40%
50%
60%
70%
80%
Series2
Linear (Series2)
Axis Title
Axis Title
4

2011 2012 2013 2014 2015 2016 2017 2018
0%
10%
20%
30%
40%
50%
60%
70%
80%
Series2
Linear (Series2)
Smart phone
Axis Title
5

2011 2012 2013 2014 2015 2016 2017 2018
0%
10%
20%
30%
40%
50%
60%
70%
80%
Series2
Linear (Series2)
Tablet
Axis Title
Linear equation provides you the effective assessment of the data by which it is easy to
understand the task through the linear equations. It helps to know the data in static form or we
can say in a line chart. In above there are 3 line charts are discussed which shows separate data
analysis of each line chart. The first line chart is of laptop which indicates the fluctuations in the
percentage criteria. Second line chart is of smart phone shows the positive impact. Linear
equation or line chart helps in understanding the information in easy and effective way. Third
line chart is of tablet which show the positive impact means increasing impact during the year.
Linear charts are the method or mechanism which helps in analyzing and converting the raw data
into the useful information it is based on the statics. Hence all the 3 line charts indicates different
analysis of data of each particulars referred in the equation, and also shows the positive,
negative, and fluctuating impacts during the year in the line charts. Line charts are the essential
tool for analyzing and interpreting data in the useful manner. Second and third line charts are
better.
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Task 3
Increase in smart phone sale by old customers in UK according the market study.
Market study shows that 71% of 55 to 75 old now having app competent handset. The study
also shows that age group has seen rapid implementation rate than any other over the
precedent five years. According to the survey about 20% said that they tartan their smart
phone within 15 minutes of waking compared with a nationwide average of 56%. And about
50% had installed Facebook compared to 70% figure of all adult. It has been also seen that
members of demographic district tended to utilize their smart phones less as compared to
younger people. Delloit depicted that the 55 to 75 years old people having superior than
average capital so they buy more expensive or quality handsets. Research also shows that
some primary buyers might have felt forced to make purchase. Smart phones having the
facility of faster online payment which is more secure, reliable, easier and faster which
reduces chances of risk in payment mode. Facial acknowledgment is also very popular
instrument among the users, research also indicates that older people likes the design of
being able to just pick up a phone and look at it, slightly than using buttons or type
passwords.
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Task 4
Pros Score/10 Cons Score/10
Face Recognition
feature
8 Poor social interaction 7
Education 8 Health issue 8
Privacy 7 Privacy threats 8
Camera 9 Cost consuming 9
Web surfing 10 Extra work 6
Instant communication 7 Addiction 10
Total pros 6 Total cons 6
Average pros 8.1 Averages cons 8
Here we discussed about the various pros and cons and also given some scores which suggest the
company to operate and expand itself. In the above analysis it is clear that average pros are
higher than average cons, therefore company can expand itself and operates globally with the
motive of increasing profitability.
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Task 5
Calculation of Monthly installments for mortgage loan for eco-fone worth 3,50,000 for 15 years.
Calculation of Monthly cost of Mortgage Loan for Eco- Fone
Loan Amount
Loan Term
Payment per year
Rate of Interest
3,50,000
15 years
12 years
7%
Monthly Installment Payment- £ 3,146.
B. Well known commercial banks in UK who lends the money.
1. Barclays: Barclays is one of the famous multinational banking and finance service company
which provides various financial services like lending money, mortgage loans, retail lending.
2. HSBC: HSBC is also one of the popular and largest banks in the U.K which offers the range
of mortgages which suits and tailored the needs of the customers.
3. Nationwide: It is a building society based on the British financial cooperative society, which
is the second largest cooperative society in the United Kingdom. Nationwide is always there for
their clients to ease the burden of loan and Mortgage.
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4. Royal bank of Scotland (RBS): This bank offers and explores the types of Mortgages and
explains how they are different from others. This bank provides the financial services in the
United Kingdom which is the part of royal bank of Scotland.
5. Llyods: This bank is retail and commercial bank with the branches across the England. It
involves in various types of financial services like, retail banking, mortgage loans etc. This bank
provides the financial services which seeks to reduces the burden of the loan seekers or their
clients.
Task 6
Z-test:
It can be explained as the statistical method that is utilized to evaluate the mean value of a
random variable to a specified value. It is a method which works under the Null Hypothesis so
that allocation of Test data can be guessed through a simple distribution (Kaur and Kumar,
2015). It is highly utilized for large samples to make the analysis process easy and less time-
consuming.
For the current situation, Z-Test (Two-Tailed) has been performed and following Null
Hypothesis (0.05>H0<0.05) was utilized:
As per given condition:
Particular Amount
Sample Size 40 40
Standard Deviations £40 £20
Mean £90 £100
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Z-test formula:
Z-Test = 1.41
From the findings of Z-Test, results are 1.41 that is 0.158 in Table-Z. These findings are
concluding that null hypothesis assumption is not fulfilled here (Xlstat, 2019). It is enough to
conclude that the net takings of both shops are not the same.
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