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BU6015 - Business Analytics

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What is the 25th percentile in the chart shown below?

The box plot shows the sales price in dollars on the vertical axis ranging from $0 to $3,000 in increments of $500. The lower whisker shows a value of $19.00. The lower quartile shows a value of $59.00. The median shows a value of $149.00. The mean value shows X$625.40. The upper quartile shows a value of $949.00. The upper whisker shows a value of $1,799.00. The first outlier above shows a value of $2,299.00. The second outlier above shows a value of $2,599.00.

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Marginal analysis __________ sunk costs (past spending that cannot be recovered).

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Ranking is a summarization method for which type of data?

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Where would the company likely get data evaluating the customer with the highest dollar amount of orders in the past month?

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Identify the chart type for the exhibit below.

A scatter plot shows the advertising expense on the x axis and the sales revenue on the vertical axis. The x axis ranges from $5,600 to $6,200 in increments of $100. The y axis ranges from $0 to $180,000 in increments of $20,000. The data points are concentrated between ($5,700, $90,000) and ($6,150, $170,000) showing a positive correlation between the x and y axes.

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Prescriptive analytics will optimize the decisions based on the forecast of the future.

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There are two primary methods to summarize nominal data; one is counting and grouping. What is the second method?

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In time series analysis, what would be the best possible independent variable in a regression determining Sales next period, Salest+1?

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Based on the visualization in Lab 1.3 Power BI, Assessing Product (SKU) Profitability, what is the gross margin percentage of FRT-DAT in the lowest bin?

In the vertical bar graph on the left pane, the horizontal axis represents gross margin percentage (bins) ranging from 0.32 to 0.40 in increments of 0.02. The vertical axis represents gross margin percentage ranging from 0 to 10 in increments of 2. The data are shown as follows: 0.32, 4.5. 0.34 to 0.36, 7.5. 0.38, 9. 0.40, 9.2. All data are approximate. In the right pane, S K U, first description, and gross margin percentage are shown in three columns, as follows: F R T hyphen D A O, Damson, and 0.34. F R T hyphen D A T, Date, and 0.35. F R T hyphen F E O, Feijoa, and 0.34. F R T hyphen G O S Gooseberry, and 0.35. F R T hyphen G R P, Grapefruit, and 0.34. F R T hyphen H U R, Huckleberry, and 0.34. F R T hyphen J U R Juniper berry, and 0.34. F R T hyphen L O A loquat, and 0.33. F R T hyphen MUR, Mulberry, and 0.33. F R I hyphen N E N, Nectarine and 0.35. F R I hyphen O R G, Orange, and 0.35. F R T hyphen R A A, Rambutan, and 0.34. F A T hyphen T A L, tamarillo, and 0.34. Total, Damson, and 4.44.

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Descriptive statistics should be run on samples, not populations.
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