Question

In: Statistics and Probability

Note that Walmart's fiscal year starts the first week of February. This means that when analyzing...

Note that Walmart's fiscal year starts the first week of February. This means that when analyzing the data, week 41 is actually week 45(41+4 weeks for January) in 2003 or the beginning of November 2003. Also, week 52 is actually week 4 (52+4 weeks for January 2003 minus 52 weeks for 2003) in 2004 or the end of January 2004.

1. Identify spikes(outliers) in the data where extreme (high or low) sales values occur and correlate these spikes with actual calendar dates in 2003 or 2004 and with any holidays or special events or abnormally slow periods that may occur during these periods.

Week Sales in $
41 18000
42 16800
43 15200
44 15000
45 13600
46 16000
47 12600
48 14800
49 16800
50 14800
51 15200
52 16000
53 15600
54 15600
55 15000
56 15700
57 15800
58 13800
59 12800
60 14400
61 15800
62 16000
63 12400
64 16200
65 17000
66 18600
67 16000
68 18000
69 19600
70 18600
71 18450
72 18000
73 18200
74 18600
75 16000
76 15200
77 16800
78 15800
79 17600
80 15800
81 15600
82 14200
83 16600
84 16100
85 14100
86 14400
87 14500
88 16900
89 17000
90 16000
91 17800

Solutions

Expert Solution

That's an interesting question. Let's plot the data on a graph and let us see what we get:

Well the graph's present an interesting enough picture.

Here are the snapshot of the calender in 2003

So we had really high sales during the holiday season, like Christmas, Easter, memorial day, labor day etc which is to be anticipated as people spend more when they have the time and holidays to, while the sales really hit it tough during the summers, in months of July end, September or even in April. This is expected too.

Please let me know if anything is unclear in comments. Will reply ASAP. Please upvote if satisfied!


Related Solutions

Note that Walmart's fiscal year starts the first week of February. This means that when analyzing...
Note that Walmart's fiscal year starts the first week of February. This means that when analyzing the data, week 26 is actually week 30 (26+4 weeks for January) in 2002 or the end of July 2002. Also, week 52 is actually week 4 (52+4 weeks for January 2002 minus 52 weeks for 2002) in 2003 or the end of January 2003. As an example, the spike in sales(revenue) at week 75 occurs in week 27 (75+4 weeks for January 2002...
The WalMart’s fiscal year starts the first week of February. This means that when analyzing the...
The WalMart’s fiscal year starts the first week of February. This means that when analyzing the data, week 26 is actually week 30 (26+4 weeks for January) in 2002 or the end of July 2002. Also, week 52 is actually week 4 (52+4 weeks for January 2002 minus 52 weeks for 2002) in 2003 or the end of January 2003. As an example, the spike in sales (revenue) at week 75 occurs in week 27 (75+4 weeks for January 2002...
The WalMart’s fiscal year starts the first week of February. This means that when analyzing the...
The WalMart’s fiscal year starts the first week of February. This means that when analyzing the data, week 26 is actually week 30 (26+4 weeks for January) in 2002 or the end of July 2002. Also, week 52 is actually week 4 (52+4 weeks for January 2002 minus 52 weeks for 2002) in 2003 or the end of January 2003. As an example, the spike in sales (revenue) at week 75 occurs in week 27 (75+4 weeks for January 2002...
WalMart’s fiscal year starts the first week of February. This means that when analyzing the data,...
WalMart’s fiscal year starts the first week of February. This means that when analyzing the data, week 26 is actually week 30 (26+4 weeks for January) in 2002 or the end of July 2002. Also, week 52 is actually week 4 (52+4 weeks for January 2002 minus 52 weeks for 2002) in 2003 or the end of January 2003. As an example, the spike in sales (revenue) at week 75 occurs in week 27 (75+4 weeks for January 2002 minus...
(Please note that the problem starts by saying "Last year", this means that N will equal...
(Please note that the problem starts by saying "Last year", this means that N will equal 18 (9x2) and not 20 (10x2). Last year Carson Industries issued a 10-year, 12% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 6 years at a price of $1,060 and it sells for $1,150. a) a1. What is the bond's nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places....
The stem direction of a note starts to point downward when the note is on the...
The stem direction of a note starts to point downward when the note is on the _____ line of the staff? (Hint: the bottommost line is the first line) 1. second 2. third 3. fourth 4. fifth
What amount ($ in millions) of cash was used in the fiscal year ended February 3,...
What amount ($ in millions) of cash was used in the fiscal year ended February 3, 2018, to purchase property and equipment? Is this an increase or decrease compared to the previous year? https://corporate.target.com/_media/TargetCorp/annualreports/2017/pdfs/2017-Annual-Report.pdf?ext=.pdf
In February 2019 a corporation issued a 10,000,000, 10 year, 3% installment note to purchase a...
In February 2019 a corporation issued a 10,000,000, 10 year, 3% installment note to purchase a building. ( Ricky's Store August 2019). The note had payments of $2,500,000 due on February 20 of each year for the next 15 years. 1) Prepare the adjusting journal entry to accrue interest on November 20, 2019. 2) Show the correct account(s) and correct amount(s) and where it will appear on a multiple-step income statement for the year ending November 20, 2019. 3) Show...
In February 2019 a corporation issued a 10,000,000, 10 year, 3% installment note to purchase a...
In February 2019 a corporation issued a 10,000,000, 10 year, 3% installment note to purchase a building. ( Ricky's Store August 2019). The note had payments of $2,500,000 due on February 20 of each year for the next 15 years. 1) Prepare the adjusting journal entry to accrue interest on November 20, 2019. 2) Show the correct account(s) and correct amount(s) and where it will appear on a multiple-step income statement for the year ending November 20, 2019. 3) Show...
During February, the last month of the fiscal year, Be My Valentine Ltd. sells $20,000 of...
During February, the last month of the fiscal year, Be My Valentine Ltd. sells $20,000 of gift cards. From experience, management estimates that 8% of the gift cards sold will not be redeemed by customers. In March, $2,000 of these cards is redeemed for merchandise with a cost of $500. In April, further $15,000 of these cards is redeemed for merchandise with a cost of $5,000. The company uses a perpetual inventory system. Also in February, Be My Valentine had...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT