Sales Analysis Bad389
1. **Problem Statement:**
We analyze sales data of 8 outlets to compute descriptive statistics, construct a frequency distribution, and calculate probabilities assuming normal distribution.
2. **Given Data:**
Sales (MK Million): $45, 52, 39, 60, 55, 48, 62, 50$
### a) Compute mean, median, mode, range, variance, and standard deviation
3. **Mean formula:**
$$\text{Mean} = \frac{\sum x_i}{n}$$
Calculate sum: $45 + 52 + 39 + 60 + 55 + 48 + 62 + 50 = 411$
Number of outlets $n=8$
$$\text{Mean} = \frac{411}{8} = 51.375$$
4. **Median:**
Sort data: $39, 45, 48, 50, 52, 55, 60, 62$
Median for even $n$ is average of middle two:
$$\frac{50 + 52}{2} = 51$$
5. **Mode:**
No repeated values, so no mode.
6. **Range:**
$$\text{Range} = \text{max} - \text{min} = 62 - 39 = 23$$
7. **Variance formula:**
$$s^2 = \frac{\sum (x_i - \bar{x})^2}{n-1}$$
Calculate squared deviations:
$(45-51.375)^2=40.64$, $(52-51.375)^2=0.39$, $(39-51.375)^2=153.14$, $(60-51.375)^2=74.39$, $(55-51.375)^2=13.14$, $(48-51.375)^2=11.39$, $(62-51.375)^2=112.89$, $(50-51.375)^2=1.89$
Sum: $40.64+0.39+153.14+74.39+13.14+11.39+112.89+1.89=407.87$
$$s^2 = \frac{407.87}{7} = 58.27$$
8. **Standard deviation:**
$$s = \sqrt{58.27} = 7.63$$
### b) Frequency distribution table (class interval = 5)
9. Classes: 35-39, 40-44, 45-49, 50-54, 55-59, 60-64
Count frequencies:
35-39: 1 (39)
40-44: 0
45-49: 3 (45,48,50)
50-54: 1 (52)
55-59: 1 (55)
60-64: 2 (60,62)
| Class Interval | Frequency |
|----------------|-----------|
| 35 - 39 | 1 |
| 40 - 44 | 0 |
| 45 - 49 | 3 |
| 50 - 54 | 1 |
| 55 - 59 | 1 |
| 60 - 64 | 2 |
Histogram can be drawn using these frequencies.
### c) Normal distribution probabilities
Assuming $\mu=51.375$, $\sigma=7.63$
10. **(i) Probability sales > 55**
Calculate z-score:
$$z = \frac{55 - 51.375}{7.63} = 0.48$$
From standard normal table, $P(Z > 0.48) = 1 - 0.6844 = 0.3156$
11. **(ii) Probability sales between 45 and 55**
Calculate z-scores:
$$z_1 = \frac{45 - 51.375}{7.63} = -0.84$$
$$z_2 = \frac{55 - 51.375}{7.63} = 0.48$$
From table:
$P(Z < 0.48) = 0.6844$
$P(Z < -0.84) = 0.2005$
Probability between:
$$0.6844 - 0.2005 = 0.4839$$
**Final answers:**
- Mean = 51.375
- Median = 51
- Mode = None
- Range = 23
- Variance = 58.27
- Standard deviation = 7.63
- Frequency table as above
- $P(X > 55) = 0.3156$
- $P(45 < X < 55) = 0.4839$