BUSINESS DATA ANALYSIS Essay Example | Topics and Well Written Essays - 2750 words

BUSINESS DATA ANALYSIS - Essay ExampleR., Sweeney, D. J. & Williams, T. A. (2008). Essentials of Modern Business Statistics (4th Edition). Ohio South-Western Cengage. 19 Abstract The face makeup discusses the centering that HH Industries had been running their business oer a year. It attempts to assess their trends in customer sales and orders received in addition to the way that their machines are functioning. The industriousness consists of three profit centers based in Florida, Arizona and Pennsylvania whose operations are being examined separately. Introduction The situation prevailing over HH Industries is examined in the present case. It tries to assess the summary statistics for variables such as customer purchases and sizes of order for all three component profit centers as well as the entire company. This is the way through which it attempts to examine the trends that the company is taking over time. Methods In order to attain the objectives of the paper, central tendency methods and probability distributions brook been used with the help of MS-Excel. Results, Conclusions and Recommendations final result to Question 1 a) The relative frequency distributions and histograms for the companys periodical average order size in the first and second quarters have been presented underneath For Quarter 1 For Quarter 2 Histogram representing of the companys daily average order size for Quarter 1 Histogram representing of the companys daily average order size for Quarter 2 b) The following charts display the histograms representing daily total orders of the company, for each quarter. Frequency of the companys daily orders roughly the 3rd quarter of 1990 Frequency of the companys daily orders around the 4th quarter of 1990 Frequency of the companys daily orders around the 1st quarter of 1991 Frequency of the companys daily orders around the 2nd quarter of 1991 c) Each quarter is found to be displaying almost equivalent trends in terms of daily orders recei ved by the company. During the 3rd quarter of 1990, the companys daily orders had been quite high and uniformly distributed. This implies that the proximity in the location of mean, median and mode in this case. However, this uniformity is visible more for the lower amounts of orders in contrast to that of the 1st quarter of 1991 which shows uniformity for the higher orders. On the other hand, this consistency cannot be noted in the 4th quarter of 1990. The 2nd quarter of 1991 on the other hand displays a consistency in the add up of orders received throughout the period. A possible conclusion which could be drawn from the above statements is that the people are instigated to purchase more frequently over the years gradually as the company attains more and more popularity with them. It might also be possible that the customers to the company have realized the higher intake involved in storing inventories which is why they have shifted towards making smaller purchases frequently. A nswer to Question 2 a) The central tendency measures computed for the quarterly data on number of orders and average order size have been presented in the following table Central Tendency Measures Quarter 3 of 1990 Quarter 4 of 1990 Quarter 1 of 1991 Quarter 2 of 1991 Daily orders Average order size Daily orders Aver