Company A produces and sells a consumer product. To better understand its operations, the company collects data for analysis. The sales data are the total selling price of finished goods transacted in a month, and the inventory data are the average on-hand inventory in a year.

Please assist to analyse the sales and inventory data below. Please provide observations and conclusions from the visualisation (Histogram) and a numerical description (Descriptive Statistics) of the two variables (Sales & Inventory) according to the following requirements:

In terms of patterns, the distribution of the variables and descriptive statistical measures.

(e.g measures of location mean, median, mode measures of spread range, variance, standard deviation, measures of shape: skewness & kurtosis)

Sales Variable

Bin Limit Frequency 530 7 INVENTORY HISTOGRAM 590 13 650 13 Frequency 710 10 15 13 13 770 11 11 10 830 4 10 7 890 2 Frequency 4 5 2 0 530 590 650 710 770 830 890 Bin LimitInventory (units) Mean 647.967 Standard E 12.1931 Median 647.5 Mode 680 Standard [ 94.4474 Sample Va 8920.3 Kurtosis -0.37776 Skewness 0.40375 Range 408 Minimum 480 Maximum 888 Sum 38878 Count 60 Confidence 24.3983Bin Limit Frequency 486 SALES HISTOGRAM 680 Frequency 874 20 1068 15 14 1262 8 15 1456 15 Frequency 10 7 7 8 1650 14 4 5 5 O 486 680 874 1068 1262 1456 1650 Bin LimitSales ($000) Mean 1149 Standard E 48.7028 Median 1260 Mode 1590 Standard [ 377.25 Sample Va 142318 Kurtosis -0.84635 Skewness -0.53371 Range 1350 Minimum 300 Maximum 1650 Sum 68940 Count 60 Confidence 97.454