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statistics....I need help with this problem.  The assignment requires a short paper and excel spr


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statistics....I need help with this problem.  The assignment requires a short paper and excel spread sheet.  I have attached last week?s assignment and spread sheet for reference.


Running head: DESCRIPTIVE STATISTICS FOR NCC WK 4 Descriptive Statistics for NCC WK 4

 

Jared Norrell

 

QNT\561

 

18 July 2016

 

Professor Villalobos 1 DESCRIPTIVE STATISTICS FOR NCC WK 4 2 Descriptive Statistics for NCC WK 4

 

Determine the appropriate descriptive statistics.

 

Note: If the data was normally distributed, use the mean and standard deviation. If the data was

 

skewed significantly, use the word median and interquartile range.

 

Numeric Variable: Sales (Units)

 

Distribution:

 

Central Tendency: 8173 (Rounded to Integer)

 

Dispersion: 121.4534564 ~ 122 (Rounded to Integer)

 

Number: 36

 

Min/Max: 7975/8400

 

Confidence Interval: (if distribution is normal) Numeric Variable: Marketing Spend ($) Central Tendency: 86888.88889

 

Dispersion: 7671.013261

 

Number: 36

 

Min/Max: 72000/98000 DESCRIPTIVE STATISTICS FOR NCC WK 4 3 Descriptive Statistics Interpretation

 

Numeric Variable Sales in Units

 

The first variable used for the descriptive statistics is sales in units. It covers all models of

 

cars, or sales unit. This variable is a dependent variable as the total sales are driven by the cost

 

spent on marketing. From the scattered plot in Appendix B, it is evident that sales and marketing

 

have a linear plot where sales of units sold is dependent on the amount of money spent on

 

marketing in each month. From the descriptive statistics it is identified that the average number

 

of units sold over 36 months is 8173 per month with a variation of plus/minus 122 units.

 

Numeric Variable Marketing Spend

 

This variable takes into consideration the total amount of money spent on the monthly

 

marketing campaign. The data for 36 months is considered for the interpretation as the sales of

 

the company have been declining for the last 3 years. With the help of interpretation of

 

marketing spending and the sales, it will be easier to check the hypothesis that higher spending

 

on marketing will help in increasing the overall sales. Appendix A: Raw data used in the analysis

 

Months Sales (units) Marketing Spend ($) DESCRIPTIVE STATISTICS FOR NCC WK 4 4 Month 1 8400 98000 Month 2 8369 96000 Month 3 8350 95000 Month 4 8317 91000 Month 5 8300 98000 Month 6 8280 95000 Month 7 8290 94000 Month 8 8300 95000 Month 9 8265 95000 Month 10 8270 96000 Month 11 8260 93000 Month 12 8250 93000 Month 13 8243 91000 Month 14 8310 94000 Month 15 8210 88000 Month 16 8190 89000 Month 17 8170 88000 Month 18 8150 87000 Month 19 8145 87000 Month 20 8160 88000 Month 21 8190 88000 Month 22 8139 85000 Month 23 8135 86000 Month 24 8100 84000 Month 25 8089 84000 Month 26 8081 84000 DESCRIPTIVE STATISTICS FOR NCC WK 4 Appendix B 5 Month 27 8070 80000 Month 28 8063 80000 Month 29 8050 79000 Month 30 8041 79000 Month 31 8037 78000 Month 32 8010 75000 Month 33 8000 74000 Month 34 7993 74000 Month 35 7991 75000 Month 36 7975 72000 Charts and Tables DESCRIPTIVE STATISTICS FOR NCC WK 4 6 DESCRIPTIVE STATISTICS FOR NCC WK 4 7 Appendix C From the Descriptive Statistics calculations are shown in the table above. The values calculated

 

for both the sales and Marketing spending. DESCRIPTIVE STATISTICS FOR NCC WK 4 8

 


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