Question

In: Statistics and Probability

please answer using excel and explain What are the appropriate descriptive statistics to summarize the Company-Z...

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

Solutions

Expert Solution

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.


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