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    Workshop 01 - S1 - 2020 - Solutions For Business Statistics

    Uploaded by

    Krithik Mehta
    This document provides solutions to questions about customer order data from a fictional company called Elecmart. The data includes information on 400 customer orders such as region, time of purchase, spending amount and category. Summaries and charts are generated to analyze patterns in the data like the number of female evening customers, average spending by region and category, and distributions of customers and spending.

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    Download as PDF, TXT or read online from Scribd

    Workshop 01 - S1 - 2020 - Solutions For Business Statistics

    Uploaded by

    Krithik Mehta
    60 views7 pages
    This document provides solutions to questions about customer order data from a fictional company called Elecmart. The data includes information on 400 customer orders such as region, time of purchase, spending amount and category. Summaries and charts are generated to analyze patterns in the data like the number of female evening customers, average spending by region and category, and distributions of customers and spending.

    Original Description:

    Monash Business stats workshop solution

    Original Title

    Workshop 01_S1_2020_solutions for Business Statistics

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    This document provides solutions to questions about customer order data from a fictional company called Elecmart. The data includes information on 400 customer orders such as region, time of purchase, spending amount and category. Summaries and charts are generated to analyze patterns in the data like the number of female evening customers, average spending by region and category, and distributions of customers and spending.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    60 views7 pages

    Workshop 01 - S1 - 2020 - Solutions For Business Statistics

    Uploaded by

    Krithik Mehta
    This document provides solutions to questions about customer order data from a fictional company called Elecmart. The data includes information on 400 customer orders such as region, time of purchase, spending amount and category. Summaries and charts are generated to analyze patterns in the data like the number of female evening customers, average spending by region and category, and distributions of customers and spending.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 7

    Business Statistics Workshop 1

    Workshop 1 Solutions
    Task 1:
    Open the Excel file Elecmart.xlsx. This data file provides information on 400 customer orders
    during a period of several months for Elecmart (a fictional company).

    In this file, the variable names are listed in Row 1. Place the cursor on a variable name, eg,
    Region, to see its description.

    Use pivot tables and/or charts to answer your questions.

    Question 1: How many customers shop in the evening time and are female?

    Answer: 36

    Question 2: What is the average amount spent for the most expensive item by a female shopping
    in the West region?

    Answer: $116.27
    Business Statistics Workshop 1

    Question 3: How many customers shop in the South region and are male?

    Answer: 30

    Question 4: What is the average amount spent for the most expensive item by a male shopper
    who is in the Low category?

    Answer: $70.07
    Business Statistics Workshop 1

    Question 5: What is the average spend for a Medium category customer from the South region?

    Answer: $130.92

    Question 6: How many customers shop in the morning time in the NorthEast region?

    Answer: 33
    Business Statistics Workshop 1

    Question 7: What is the average spend for a customer from the MidWest region shopping in
    the evening?

    Answer: $134.36

    Question 8: How many female customers are of the Medium category?

    Answer: 66
    Business Statistics Workshop 1

    Question 9: How many customers who belong to the Low category are from the West region?

    Answer: 51

    Question 10: What is the average spend for a Medium category customer from the South
    region?

    Answer: $130.92
    Business Statistics Workshop 1

    Task 2:

    Complete the Summary Statistics table provided in columns M and N (Table 1) in the excel
    file Elecmart.xlsx.

    The list of Excel functions is provided below.

    Table1: Summary Statistics for Amount Spent

    Mean $153.82
    Median $126.72
    Standard Devation $97.37
    Minimum $6.82
    Maximum $485.01
    Range $478.19
    Coefficient of Variation (CV) 63.30%
    Lower/First quartile (Q1) $83.21
    Upper/Third quartile (Q2) $205.88
    Interquartile range (IQR) $122.67
    Count 400

    Task 3: Constructing a Histogram – Property.xlsx

    Refer to the worksheet "DATA" in the Excel file Property.xlsx. This worksheet provides
    information on the selling price of 100 properties based on number of bedrooms and location.

    Use the Histogram option in your Data Analysis ToolPak to calculate the frequencies and
    draw a histogram for the "Selling Price" variable.

    Edit the chart to optimise presentation.

    Lower Limit Upper Limit Frequency


    290000 340000 11
    340000 390000 16
    390000 440000 23
    440000 490000 19
    490000 540000 15
    540000 590000 9
    590000 640000 3
    640000 690000 2
    690000 740000 1
    740000 790000 1
    Business Statistics Workshop 1

    Histogram of Selling Prices


    25

    20
    Frequency

    15

    10

    Selling Price ($)

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