Some elements of the income statement of XYZ Limited are provided below: J F M J...
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Some elements of the income statement of XYZ Limited are provided below: J F M J J O N D 80 88 112 136 128 272 184 128 96 96 88 120 Sales £k Cost of Sales £k TALENT A M Arden Assessment dai 72 A 40 44 56 65.6 144 88 64 Salaries Ek 24 24 32 32 32 40 48 No. Orders K 8 12 10.4 12 11.2 16 16 12 No. Customer Complaints 184 144 56 56 48 40 56 48 56 56 72 160 36 S 40 48 32 56 48 56 48 48 9.6 8.8 8 12 a) Calculate the correlations between complaints and sales and complaints and orders. Comment on the results. b) Briefly discuss the weaknesses of correlation analysis (5 marks) (6 marks) c) Below are histograms of data sets following either pareto, normal or uniform distribution. Identify which distribution most likely generated each histogram and justify your choice. Additionally, state whether more data would be required for confirmation of these decisions. (4 marks) Some elements of the income statement of XYZ Limited are provided below: J F M J J O N D 80 88 112 136 128 272 184 128 96 96 88 120 Sales £k Cost of Sales £k TALENT A M Arden Assessment dai 72 A 40 44 56 65.6 144 88 64 Salaries Ek 24 24 32 32 32 40 48 No. Orders K 8 12 10.4 12 11.2 16 16 12 No. Customer Complaints 184 144 56 56 48 40 56 48 56 56 72 160 36 S 40 48 32 56 48 56 48 48 9.6 8.8 8 12 a) Calculate the correlations between complaints and sales and complaints and orders. Comment on the results. b) Briefly discuss the weaknesses of correlation analysis (5 marks) (6 marks) c) Below are histograms of data sets following either pareto, normal or uniform distribution. Identify which distribution most likely generated each histogram and justify your choice. Additionally, state whether more data would be required for confirmation of these decisions. (4 marks)
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Answer rating: 100% (QA)
a To calculate the correlations between complaints and sales and complaints and orders we can use the correlation coefficient formula The correlation coefficient often denoted as r measures the streng... View the full answer
Related Book For
Financial Accounting Tools for Business Decision Making
ISBN: 978-1118644942
6th Canadian edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso, Barbara Trenholm, Wayne Irvine
Posted Date:
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