You are recently appointed as a centralized “Cost Control Analyst” for one of the bank in...

You are recently appointed as a centralized “Cost Control Analyst” for one of the bank in Toronto. Head of Banking operations in Toronto Mr. Horton has asked you to analyse the cost of basic stationary as Stationary in different regions of the bank seems to be one of the highest cost. He wants you to come up with your statistical analysis with two pager report. Use Central tendencies, Standard deviation and Regression analysis techniques along with graphical representation. (30 Marks

OrderDate	Region	Rep	Item	Units	UnitCost	Total
1/6/2019	East	Jones	Papers	95	1.99	189.05
1/23/2019	Central	Kivell	Files	50	19.99	999.50
2/9/2019	Central	Jardine	Papers	36	4.99	179.64
2/26/2019	Central	Gill	Pen	27	19.99	539.73
3/15/2019	West	Sorvino	Papers	56	2.99	167.44
4/1/2019	East	Jones	Files	60	4.99	299.40
4/18/2019	Central	Andrews	Papers	75	1.99	149.25
5/5/2019	Central	Jardine	Files	90	4.99	449.10
5/22/2019	West	Thompson	Papers	32	1.99	63.68
6/8/2019	East	Jones	Files	60	8.99	539.40
6/25/2019	Central	Morgan	Pen	90	4.99	449.10
7/12/2019	East	Howard	Files	29	1.99	57.71
7/29/2019	East	Parent	Files	81	19.99	1,619.19
8/15/2019	East	Jones	Papers	35	4.99	174.65
9/1/2019	Central	Smith	Files	2	19.99	138
9/18/2019	East	Jones	Pen Set	16	15.99	255.84
10/5/2019	Central	Morgan	Files	28	8.99	251.72
10/22/2019	East	Jones	Pen	64	8.99	575.36
11/8/2019	East	Parent	Pen	15	19.99	299.85
11/25/2019	Central	Kivell	Pen Set	96	4.99	479.04
12/12/2019	Central	Smith	Papers	67	1.29	86.43
12/29/2019	East	Parent	Pen Set	74	15.99	1,183.26
1/15/2020	Central	Gill	Binder	46	8.99	413.54

Expert Solution

The various statistical measures for the report

Sorted Data
Region	Rep	Item	Units	Unit Cost	Total
Central	Andrews	Papers	75.00	1.99	149.25
Central	Andrews	Papers	75.00	1.99	149.25
Central	Gill	Pen	27.00	19.99	539.73
Central	Gill	Pen	27.00	19.99	539.73
Central	Jardine	Files	90.00	4.99	449.10
Central	Jardine	Files	90.00	4.99	449.10
Central	Jardine	Papers	36.00	4.99	179.64
Central	Jardine	Papers	36.00	4.99	179.64
Central	Kivell	Files	50.00	19.99	999.50
Central	Kivelll	Files	50.00	19.99	999.50
Central	Morgan	Pen	90.00	4.99	449.10
Central	Morgan	Pen	90.00	4.99	449.10
Central	Smith	Files	2.00	19.99	39.98
East	Howard	Files	29.00	1.99	57.71
East	Jones	Fies	60.00	8.99	539.40
East	Jones	Files	60.00	4.99	299.40
East	Jones	Files	60.00	8.99	539.40
East	Jones	Files	60.00	4.99	299.40
East	Jones	Papers	95.00	1.99	189.05
East	Jones	Papers	95.00	1.99	189.05
East	Jones	Papers	35.00	4.99	174.65
East	Jones	Pen Set	16.00	15.99	255.84
East	Parent	Files	81.00	19.99	1619.19
West	Sorvino	Papers	56.00	2.99	167.44
West	Sorvino	Papers	56.00	2.99	167.44
West	Thompson	Papers	32.00	1.99	63.68
West	Thompson	Papers	32.00	1.99	63.68

Region	# of Transactions	Total Spent	Average Spent	Standard Deviation
Central	13.00	5572.62	428.66	292.11
East	10.00	4163.09	416.31	426.68
West	4.00	462.24	115.56	51.88
Total	27.00	10197.95	377.70	347.70

SUMMARY OUTPUT

Regression Statistics
Multiple R	0.001869628
R Square	3.49551E-06
Adjusted R Square	-0.039996365
Standard Error	361.3411975
Observations	27

	Coefficients	Standard Error
Intercept	376.5333903	143.036
Sl	0.083461538	8.928131

The regression equation is y(Date number) = 376.533 + 0.083 x (Spent)

RESIDUAL OUTPUT

Observation	Predicted Total	Residuals
1	376.6168519	-187.567
2	376.7003134	622.7997
3	376.7837749	-197.144
4	376.8672365	162.8628
5	376.950698	-209.511
6	377.0341595	-77.6342
7	377.1176211	-227.868
8	377.2010826	71.89892
9	377.2845442	-313.605
10	377.3680057	162.032
11	377.4514672	71.64853
12	377.5349288	-188.485
13	377.6183903	621.8816
14	377.7018519	-198.062
15	377.7853134	161.9447
16	377.8687749	-210.429
17	377.9522365	-78.5522
18	378.035698	-228.786
19	378.1191595	70.98084
20	378.2026211	-314.523
21	378.2860826	161.1139
22	378.3695442	70.73046
23	378.4530057	-320.743
24	378.5364672	1240.654
25	378.6199288	-203.97
26	378.7033903	-338.723
27	378.7868519	-122.947

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