SkyDio is attempting to understand its sales and cost structure to understand its overall profitability in relation

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SkyDio is attempting to understand its sales and cost structure to understand its overall profitability in relation to each sale. Download the SkyDio Drone Sales Journal data set in Excel. Note the sales price and cost of each sale. In Excel, calculate the gross margin percentage (Sales Price – Cost)/Sales Price for each sale (or row in the sales journal). Use either the descriptive statistics tool featured in Excel’s Data Analysis ToolPak or Excel functions to compute the summary statistics and answer the following questions.

a. What is the average gross margin percentage for all items sold?

b. What is the standard error of the gross margin percentage for all items sold?

c. What is the range of gross margin percentage for all items sold?

d. What is the lowest gross margin percentage for all items sold?

e. What is the count of sales transactions in the data set?

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Introduction To Business Analytics

ISBN: 9781265454340

1st Edition

Authors: Vernon Richardson, Marcia Watson

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Question Posted: Aug 18, 2023 10:15 AM

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SkyDio is attempting to understand its sales and cost structure to understand its overall profitability in relation

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Introduction To Business Analytics

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