- The Scenario Congratulations You Have Just Inherited Your Uncle S Business Which Is A Clothing Store Although The Bu 1 (36.26 KiB) Viewed 26 times
The Scenario: Congratulations. You have just inherited your uncle's business, which is a clothing store. Although the business was successful, your uncle was a "seat of the pants” type of businessman. There was never any sales analysis conducted concerning, e.g. determining the effectiveness of promotional policies. You intend to analyze past sales data to gain insight into the business operations. On BB, under the folder Term Project, you are going to find PROJDATA.XLSX file. The data in this file corresponds to a random sample of 100 sales transactions that took place over the previous year. Because all transactions took place during the previous year and all transactions took place on Saturdays, on non-holiday weekends, you are confident that seasonal and cyclical effects are absent from the data. The Analysis: Based on this sample, you seek to answer the following questions: 2. Should you be encouraging or discouraging credit card sales? In answering this question, consider the following: a) Is the proportion of credit and non-credit sales significantly different? (a=.05) b) Is the average sale amount for credit sales different than the average sales amount for non-credit sales? (a=.05)