BU6015 - Business Analytics
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The saying “Half the money I spend on advertising is wasted; the trouble is I don’t know which half”, illustrates the problem with knowing precisely how much value accrues from advertising expenses to sales or the value of the firm.
What type of question is used in finding the level of sales needed to break even (exactly zero profit)?
Based on the summary statistics calculated in Lab 3.1 Excel, Using Functions to Calculate Descriptive Statistics to Gain Insight About the Distribution of a Sales Data Set, what is the IQR?
| Average | $ 38.47 | |
|---|---|---|
| Median | $ 30.77 | |
| Skewness | 0.91 | |
| Kurtosis | 0.91 | |
| Maximum Value | $ 140.02 | |
| Minimum Value | $ 2.52 | |
| Standard Deviation | 29.14 | |
| Range | $ 137.50 | |
| 25th percentile (Quartile 1) | $ 13.67 | |
| 75th percentile (Quartile 3) | $ 54.10 |
If the p-value of a statistical test > alpha, you:
Tableau’s biggest advantage over Excel is its specific emphasis on data visualization.
What percentile is the median?
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