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Bamberger’s Department Store
The following statistical analysis shows the performance of the Bamberger’s Department Store before and after evening opening on Wednesdays.
In this analysis I prefer working with the median instead of working with the mean because outliers e.g. seasonal fluctuations or any other caused outliers won’t influence the analysis that way; one indicator for outliers in this case could be the wide range which is in average $375,027.58.
The average Wednesday sales after the evening opening increased by $244,554 (+38.43%) from $636,286 to $880,840. Also the sales per opening hour increased from $70,698.44 to $73,403.33 which means an averaged rise of 3.83% per opening hour. (See exhibit 1)
As it can be seen in exhibit 2, 76.92% of all Wednesday sales before the evening opening were distributed in the range of $456,731 to $692,513.8; exhibit 3 shows that 81.82% of all sales after Wednesday evening opening are between $707,251 and $994.886.
The above......
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Title: Bamberger's Department Store
Approximate Word Count: 638
Approximate Pages: 3 (250 words per double-spaced page)
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