{"id":31933,"date":"2024-09-05T03:32:24","date_gmt":"2024-09-05T03:32:24","guid":{"rendered":"https:\/\/www.writemyessays.app\/blog\/questions\/datcb-565-competency-1-assessment-and-rubric-course-title-data-analysis-and-business-analytics-assessment-title-competency-1-assessment\/"},"modified":"2024-09-05T03:32:24","modified_gmt":"2024-09-05T03:32:24","slug":"datcb-565-competency-1-assessment-and-rubric-course-title-data-analysis-and-business-analytics-assessment-title-competency-1-assessment","status":"publish","type":"questions","link":"https:\/\/www.writemyessays.app\/blog\/questions\/datcb-565-competency-1-assessment-and-rubric-course-title-data-analysis-and-business-analytics-assessment-title-competency-1-assessment\/","title":{"rendered":"DATCB\/565 Competency 1 Assessment and Rubric Course Title: Data Analysis and Business Analytics Assessment Title: Competency 1 Assessment"},"content":{"rendered":"

Assignment Directions<\/b> <\/h3>\n
Read<\/b> the scenario, part 1, part 2, and the rubric before beginning your assignment.<\/div>\n
<\/div>\n

 Scenario<\/b> <\/h4>\n
<\/div>\n
Pastas R Us, Inc. is a fast-casual restaurant chain specializing in noodle-based dishes, soups, and salads. Since its inception, the business development team has
\nfavored opening new restaurants in areas (within a 3-mile radius) that satisfy the following demographic conditions:<\/span><\/div>\n
 \u2022 Median age between 25 and 45 years old<\/div>\n
 \u2022 Household median income above national average<\/div>\n
 \u2022 At least 15% college-educated adult population <\/div>\n
<\/div>\n
Last year, the marketing department rolled out a loyalty card strategy to increase sales. Under this program, customers present their loyalty card when paying for
\ntheir orders and receive some free food after making 10 purchases. <\/div>\n
<\/div>\n
The company has collected data from its 74 restaurants to track important variables such as average sales per customer, year-on-year sales growth, sales per sq.
\nft., loyalty card usage as a percentage of sales, and others. <\/div>\n
A key metric of financial performance in the restaurant industry is annual sales per sq. ft. For example,
\nif a 1,200 sq. ft. restaurant recorded $2 million in sales last year, then it sold $1,667 per sq. ft. <\/div>\n
<\/div>\n
Executive management wants to know whether the current expansion criteria can be improved; evaluate the effectiveness of the loyalty card marketing strategy;
\nand identify feasible, actionable opportunities for improvement. As a member of the analytics department, you\u2019ve been assigned the responsibility of conducting a
\nthorough statistical analysis of the company\u2019s available database to answer executive management\u2019s questions.<\/div>\n
<\/div>\n

Part 1: Descriptive Statistics Analysis <\/b><\/h3>\n
Conduct<\/b> the following descriptive statistics analyses using the Pastas R Us, Inc. data set in Microsoft Excel. Answer the questions in the spreadsheet or a
\nseparate Microsoft Word document. <\/span><\/div>\n

<\/span><\/div>\n
Insert<\/b> a new column in the database that corresponds to AnnualSales. AnnualSales is the result of multiplying a restaurant\u2019s SqFt by Sales\/SqFt.<\/span><\/div>\n

<\/span><\/div>\n
 Calculate<\/b> the following:<\/div>\n
 .
\n\u2022 mean <\/div>\n
\u2022 standard deviation<\/div>\n
 \u2022 skew<\/div>\n
 \u2022 5-number summary<\/div>\n
 \u2022 interquartile range (IQR) for each of the variables <\/div>\n
<\/div>\n
Create<\/b> a box-plot for the AnnualSales variable and answer the following questions:<\/div>\n
 \u2022 Does it look symmetric?<\/div>\n
 \u2022 Would you prefer the IQR instead of the standard deviation to describe this variable\u2019s dispersion? Why or why not?<\/div>\n
<\/div>\n
 Create<\/b> a histogram for the Sales\/SqFt variable and answer the following questions:
\n\u2022 <\/div>\n
Is the distribution symmetric? If not, what is the skew?<\/div>\n
 \u2022 Are there any outliers? If so, which one(s)?<\/div>\n
 \u2022 What is the SqFt area of the outlier(s)? Is the outlier(s) smaller or larger than the average restaurant in the database? What can you conclude from this
\nobservation?<\/div>\n
 \u2022 What measure of central tendency is more appropriate to describe Sales\/SqFt? Why?<\/div>\n
 Cite<\/b> references to support your assignment.<\/div>\n
<\/div>\n

Part 2: Report<\/b> <\/h3>\n
Write <\/b>a 750- to 1,000-word statistical report with the following sections:<\/div>\n
 \u2022 Section 1: Scope and Descriptive Statistics<\/div>\n
 \u2022 Section 2: Analysis <\/div>\n
\u2022 Section 3: Recommendations and Implementation <\/div>\n
<\/div>\n
Section 1: Scope and Descriptive Statistics<\/span><\/div>\n
\u2022 State the report\u2019s objective. <\/span><\/div>\n
\u2022 Discuss the nature of the current database. What variables were analyzed?<\/div>\n
 \u2022 Summarize your descriptive statistics findings from Part 1. Use a table and insert appropriate graphs. <\/div>\n
<\/div>\n
Section 2: Analysis <\/b><\/div>\n
\u2022 Using Microsoft Excel, create scatter plots and display the regression equations for the following pairs of variables:<\/div>\n
 o BachDeg% versus Sales\/SqFt <\/div>\n
o MedIncome versus Sales\/SqFt <\/div>\n
o MedAge versus Sales\/SqFt <\/div>\n
o LoyaltyCard(%) versus SalesGrowth(%)<\/div>\n
<\/div>\n
 \u2022 In your report, include the scatter plots. For each scatter plot, designate the type of relationship observed (increasing\/positive, decreasing\/negative, or no
\nrelationship) and determine what can be concluded from these relationships.<\/div>\n
<\/div>\n
Section 3: Recommendations and Implementation<\/b> <\/div>\n
\u2022 Based on your findings above, assess which expansion criteria seem to be more effective. Is there any expansion criterion that could be changed or
\neliminated? If so, which one and why? <\/div>\n
\u2022 Based on your findings above, does it appear as if the loyalty card is positively correlated with sales growth? Would you recommend changing this marketing
\nstrategy?<\/div>\n
 \u2022 Based on your previous findings, recommend marketing positioning that targets a specific demographic. (Hint: Are younger people patronizing the restaurants
\nmore than older people?) <\/div>\n
\u2022 Indicate what information should be collected to track and evaluate the effectiveness of your recommendations. How can this data be collected? (Hint: would
\nyou use survey\/samples or census data?) <\/div>\n
<\/div>\n
Cite references to support your assignment.<\/div>\n
<\/div>\n
<\/div>\n
<\/div>\n","protected":false},"excerpt":{"rendered":"

Assignment Directions  Read the scenario, part 1, part 2, and the rubric before beginning your assignment.  Scenario  Pastas R Us, Inc. is a fast-casual restaurant chain specializing in noodle-based dishes, soups, and salads. Since its inception, the business development team has favored opening new restaurants in areas (within a 3-mile radius) that satisfy the following demographic […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/31933"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=31933"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/31933\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=31933"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=31933"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=31933"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=31933"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}