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You run a business that sells coffee. Create a monthly distribution of your revenue per month for the last two years. Bear in mind you
- You run a business that sells coffee. Create a monthly
- distribution of your revenue per month for the last two years. Bear in mind you only work for 1 week out of 4 in August and only for 2 weeks in December.
- Calculate the mean and standard deviation for the data in task 1. What does the standard deviation tell you about the data?
- Convert the data in question 1 to quarterly (3-month period) revenue data. Then construct a histogram for this quarterly data in question. Explain/analyse the shape of the histogram. Are there any outliers?
- Calculate the 5 points (the minimum, 25th percentile, 50th percentile, 75th percentile and maximum values) of the distribution. What do the values of 01, Q2 and Q3 tell you? Answer this question using the monthly (and the not the quarterly) data! Thanks.
- Graph a boxplot based on your answer to question 4
- Is the distribution of the monthly sales a normal one? Graph the frequency distribution curve by hand or with Excel.
- Find the minimum level of sales that you are going to reach with 90% probability.
- Now make a new monthly distribution of your number of customers for your coffee shop for the last 24 months.
- Construct a scatterplot that relates sales to the number of customers per month in question 8 to the revenue per month that you produced in task 1.
- Find the correlation equation and the index of correlation. Draw any conclusions that you think can be drawn from the data.
Month
January 2018
Feb
March
April
May
June
July
August
September
October
November
December
January 2019
Feb
March
April
May
June
July
August
September
October
November
December
Revenue in Euros
62000
60000
65000
68000
70000
69000
66000
17000
73000
78000
66000
34000
63000
59000
64000
69000
72000
74000
70000
17000
72000
69000
72000
36000
Question 8
Month
January 2018
Feb
March
April
May
June
July
August
September
112 words
I
Revenue in Euros
63000
62000
66000
69000
71000
66000
69000
16000
74000
please answer me the details from the numbers on the bard with all the question include chart box plot but forget question 6 and 7
its urgent ???
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