In: Statistics and Probability
please answer using excel and explain
What are the appropriate descriptive statistics to
summarize the Company-Z daily sales in Pre- and Post-
COVID-19 Y1 &
Y2? Can you visualize both
random variables separately using the graphing technique?
Explain why you used these descriptive statistics and this graphing
technique?
Given;
Date | Pre-COVID-19 | Date | Post-COVID-19 | ||
Y1 | X1 | Y2 | X2 | ||
1-Nov-2019 | 4365.5 | 7.0 | 1-Apr-2020 | 3612.2 | 11.9 |
2-Nov-2019 | 4365.8 | 7.1 | 2-Apr-2020 | 3617.0 | 8.6 |
3-Nov-2019 | 4366.3 | 7.2 | 3-Apr-2020 | 3614.9 | 7.9 |
4-Nov-2019 | 4365.9 | 7.7 | 4-Apr-2020 | 3612.3 | 11.4 |
5-Nov-2019 | 4365.7 | 7.3 | 5-Apr-2020 | 3617.5 | 8.1 |
Sales have significantly reduced over time.
Now, descriptives:
For Pre - Covid Time:
Column1 | |
Mean | 4365.84 |
Standard Error | 0.132665 |
Median | 4365.8 |
Standard Deviation | 0.296648 |
Sample Variance | 0.088 |
Kurtosis | 1.448864 |
Skewness | 0.884887 |
Range | 0.8 |
Minimum | 4365.5 |
Maximum | 4366.3 |
Sum | 21829.2 |
Count | 5 |
Average Sales: $4365.8
The distribution says the sale is consistent.
For Y2:
Column1 | |
Mean | 3614.78 |
Standard Error | 1.121338 |
Median | 3614.9 |
Standard Deviation | 2.507389 |
Sample Variance | 6.287 |
Kurtosis | -2.90338 |
Skewness | -0.03595 |
Range | 5.3 |
Minimum | 3612.2 |
Maximum | 3617.5 |
Sum | 18073.9 |
Count | 5 |
Average sales = $3615
The distribution is not normal as it represents the random influences of Covid 19
Please rate my answer and comment for doubt.