Descriptive statistics analysis | Statistics homework help

Conduct the following descriptive statistics analysis using the data set in attached Excel. Answer the questions in the spreadsheet or a separate Microsoft Word document.

Insert a new column in the database that corresponds to AnnualSales. AnnualSales is the result of multiplying a restaurant’s SqFt by Sales/SqFt.

Calculate the following:

  • mean
  • standard deviation
  • skew
  • 5-number summary
  • interquartile range (IQR) for      each of the variables

Create a box-plot for the AnnualSales variable and answer the following questions:

  • Does it look symmetric?
  • Would you prefer the IQR      instead of the standard deviation to describe this variable’s dispersion?      Why or why not?

Create a histogram for the Sales/SqFt variable and answer the following questions:

  • Is the distribution symmetric?      If not, what is the skew?
  • Are there any outliers? If so,      which one(s)?
  • What is the SqFt area      of the outlier(s)? Is the outlier(s) smaller or larger than the average      restaurant in the database? What can you conclude from this observation?
  • What measure of central      tendency is more appropriate to describe Sales/SqFt? Why?

Cite references to support your assignment.

Part 2: Report.

Write a minimum 1,000-word statistical report with the following sections:

  • Section 1: Scope and      Descriptive Statistics
  • Section 2: Analysis
  • Section 3: Recommendations and      Implementation

Section 1: Scope and Descriptive Statistics

  • State the report’s objective.
  • Discuss the nature of the      current database. What variables were analyzed?
  • Summarize your descriptive      statistics findings from Part 1. Use a table and insert appropriate      graphs.

Section 2: Analysis

Using Microsoft Excel, create scatter plots and display the regression equations for the following pairs of variables:

  • BachDeg% versus Sales/SqFt
  • MedIncome versus Sales/SqFt
  • MedAge versus Sales/SqFt
  • LoyaltyCard(%) versus      SalesGrowth(%)

In your report, include the scatter plots. For each scatter plot, designate the type of relationship observed (increasing/positive, decreasing/negative, or no relationship) and determine what can be concluded from these relationships.

Section 3: Recommendations and Implementation

  • Based on your findings above,      assess which expansion criteria seem to be more effective. Is there any      expansion criterion that could be changed or eliminated? If so, which one      and why?
  • Based on your findings above,      does it appear as if the loyalty card is positively correlated with sales      growth? Would you recommend changing this marketing strategy?
  • Based on your previous      findings, recommend marketing positioning that targets a specific demographic.      (Hint: Are younger people patronizing the restaurants more than older      people?)
  • Indicate what information      should be collected to track and evaluate the effectiveness of your      recommendations. How can this data be collected? (Hint: would you use survey/samples      or census data?)

Cite references to support your assignment.

Get 20% Discount on This Paper
Pages (550 words)
Approximate price: -

Try it now!

Get 20% Discount on This Paper

We'll send you the first draft for approval by at
Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Paper Helper has assembled a team of highly skilled writers with diverse experience in the online writing circles. Our aim is to become a one stop shop for all your Academic/ online writing. Check out below our amazing service!

Essays

Essay Writing Services

At Paper Helper, we prioritize on all aspects that creates a good grade such as impeccable grammar, proper structure, zero-plagiarism, and conformance to guidelines. The principal purpose of essay writing is to present the author's evaluation concerning a singular subject about which they have made. Since Professionalism is the mother of every success, try our team of experienced writers in helping you complete your essays and other assignments.

Admissions

Admission Papers

You have been trying to join that prestigious institution you long yearned for, but the hurdle of an admission essay has become a stumbling block. We have your back, with our proven team that has gained invaluable experience over time, your chance of joining that institution is now! Just let us work on that essay.How do you write an admission essay? How do you begin the essay? For answers, try Quality Custom Writers Now!

Editing

Editing and Proofreading

Regardless of whether you're pleased with your composing abilities, it's never an impractical notion to have a second eye go through your work. The best editing services leaves no mistake untouched. We recognize the stuff needed to polish up a writing; as a component of our editing and proofreading, we'll change and refine your write up to guarantee it's amazing, and blunder free. Our group of expert editors will examine your work, giving an impeccable touch of English while ensuring your punctuation and sentence structures are top-notch.

Coursework

Technical papers

We pride ourselves in having a team of clinical writers. The stringent and rigorous vetting process ensures that only the best persons for job. We hire qualified PhD and MA writers only. We equally offer our team of writers bonuses and incentives to motivate their working spirit in terms of delivering original, unique, and informative content. They are our resources drawn from diverse fields. Therefore your technical paper is in the right hands. Every paper is assessed and only the writers with the technical know-how in that field get to work on it.

Coursework

College Essay Writing

If all along you have been looking for a trustworthy college essay service provider that provides superb academic papers at reasonable prices, then be glad that you search has ended with us. We are your best choice! Get high-quality college essay writing from our magnificent team of knowledgeable and dedicated writers right now!

Coursework

Quality Assignment/Homework Help

We give the students premium quality assignments, without alarming them with plagiarism and referencing issues. We ensure that the assignments stick to the rules given by the tutors. We are specific about the deadlines you give us. We assure you that you will get your papers well in advance, knowing that you will review and return it if there are any changes, which should be incorporated.