Question
SECTION B This section requires you to make a report on descriptive statistics provided for the case study given below. You are advised to write
SECTION B This section requires you to make a report on descriptive statistics provided for the case study given below. You are advised to write detailed interpretation of the descriptive statistics given and discuss how it can be used by the managers. Case Study Native Decor is the brainchild of Vusani Ravele. He started this business as a part-time hobby from his living room in 2015 after receiving a cordless drill as a Valentine's Day gift. He simply couldn't stop making and drilling holes into things. Fast-forward to a year later and he found himself making history on Mnet's Shark Tank SA TV show. Vusi became the first entrepreneur to benefit from a lucrative investment deal with his present-day business partner, Gil Oved of The Creative Counsel. Native Decor creates visually pleasing products that are both innovative and functional using sustainable timber. Our minimalist style, which underpins all of our designs, is mostly inspired by our beautiful country, South Africa.
Source: https:/ativedecor.co.za/about-us/
Assume the following table (table-1) illustrates the advertising expenditure by Native Dcor for the last financial year.
Table 1: Advertising expenditure by Native Decor # Month $ 1 January 15712 2 February 53527 3 March 66528 April 31118 May 95460 6 June 15712 7 July 29335 8 August 96701 CO September 38706 10 October 60389 11 November 35783 12 December 47190Figure 1: SPSS Output - Descriptives Statistic Std. Error Advertising_expenditure Mean 48846.75 7832.363 Lower Bound 31607.83 95% Confidence Upper Interval for Mean Bound 66085.67 5% Trimmed Mean 48029.00 Median 42948.00 Variance 736150970.0 Std. Deviation 27132.102 Minimum 15712 Maximum 96701 Range 80989 Mode 15712 Percentiles 25 29780.75 50 42948.00 75 64993.25 Interquartile Range 35213 Skewness 0.705 0.637 Kurtosis -0.319 1.232Step by Step Solution
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