skip to Main Content

This assignment will help you learn how to apply statistical methods when analyz

GET HELP WITH YOUR ESSAY

If you need assistance with writing your essay, our professional Essay Writing Service is here to help!

ORDER THIS PAPER NOW

This assignment will help you learn how to apply statistical methods when analyzing operational data, evaluate current marketing strategies’ performance, and recommend actionable business decisions. This opportunity will build critical thinking and problem-solving skills within the context of data analysis and interpretation. In addition, you’ll gain a first-hand understanding of how data analytics supports decision-making and adds value to an organization.
Scenario:
Pasta’s 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 conditions:
Median age between 25 – 45 years old
Household median income above the national average
At least 15% college-educated adult population
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 their orders and receive free food after making ten purchases.
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 sqft, Loyalty Card usage as a percentage of sales, etc. A key metric of financial performance in the restaurant industry is annual sales per sqft. For example, if a 1200 sqft restaurant recorded $2 million in sales last year, it sold $2,000,000/1200 = $1,667 per sqft.
Executive management wants to know whether they can improve their current expansion criteria. In addition, they want to evaluate the effectiveness of the Loyalty Card marketing strategy and identify feasible, actionable opportunities for improvement. As a member of the analytics department, you are responsible for conducting a thorough statistical analysis of the company’s available database to answer executive management’s questions.
Use CLASS Pasta’s R Us Data.xlsx
Report:
Use the APA formatted Week 2 Signature Assignment Statistical Report.docx (below) as it is APA formatted.
Write about a 750-word statistical report that includes the three sections (a) scope and statistics; (b) analysis; (c) recommendations and implementation
Section 1 – Scope and Descriiptive Statistics
State the report’s objective.
Discuss the nature of the current database. What variables were analyzed?
Summarize your descriiptive statistics findings from Excel. Use a table and insert appropriate graphs.
Section 2 – Analysis
Use Excel, Insert/Scatter plots with a Trendline that displays the regression equation and R2 for each of the following pairs of variables. Include x- and y-axis labels.
Bach Deg% versus Sales/Sqft
Med Income versus Sales/Sqft
Med Age versus Sales/Sqft
Loyalty Card% versus Sales Growth%
In your report, for each scatter plot, designate the type of relationship observed (increasing/positive, decreasing/negative, or no relationship) and determine what you can conclude from these relationships.
Section 3: Recommendations and Implementation
Based on your findings above, assess which expansion criteria seem to be more effective. Could any expansion criterion be changed or eliminated? If so, which one and why?
Based on your findings above, does it appear as if the LoyaltyCard has a positive correlationwith sales growth? Would you recommend changing this marketing strategy?
Based on your previous findings, recommend a marketing positioning that targets a specific demographic. (Hint: Are younger people patronizing the restaurants more than older people?)
Indicate what information should be collected to track and evaluate the effectiveness of yourrecommendations at a periodafterimplementation. Howcan this data be collected? (Hint: Would you use survey/samples orcensus?)
Cite references with in-text citations and references to support your assignment.
Format your citations and references according to APA guidelines.

GET HELP WITH YOUR ESSAY

If you need assistance with writing your essay, our professional Essay Writing Service is here to help!

ORDER THIS PAPER NOW

Services

Muffin tiramisu gummi bears chupa chups sweet roll muffin oat cake lollipop sweet. Icing marshmallow muffin. Marshmallow dragée pudding sesame snaps muffin. Marshmallow chocolate cake pastry jelly-o macaroon. Chocolate bar donut powder wafer powder chocolate bar soufflé bear claw. Powder jujubes sweet bear claw brownie gummies pudding halvah liquorice. Marzipan fruitcake bonbon jelly-o cheesecake.

Essay Writing

The Essay help Student suffering from the stress of doing homework do not have to worry about their school homework now.

Homework Help

Do amazing work for top clients.Create your profile and… Today’s best jobs are moving online with freelancers.

Case Study

We do case study research in which detailed consideration is given to the development of a particular person group or

Term Paper

Students come across the challenge of drafting papers which demand in-depth understanding with respect to writing style that students often lack.

Critical Thinking

Objective analysis and evaluation of an issue in order to form a judgement. this is really difficult to enforce this skill among student.

Thesis Writing

Writing a thesis is the hardest task undertaken by a student. It requires intense attentiveness, patience, and sacrifice.

Dissertation Writing

We write Long Essay on a particular subject especially on written as a requirement for the Doctor of Philosophy degree.

Report Writing

With the help of PhD writers, students are really benefited to write custom research proposal, as this save their precious time.

The Team

Wondering who’s working behind the scenes of our professional essay writing service? We have over 700 amazing people on our team including developers, QA engineers, designers, managers, HR specialists, marketers, essay writers, and many more. See who takes care of the orders you place.

Super Writers

There are 400+ essay writers from all over the world on our team who go through a 3-step hiring process. We call them super-writers because most of them have master’s degrees; therefore, they know the ins and outs of the discipline in which they specialize.

Support Team

Our extra-fast and caring support assistants answer your questions 24/7 and resolve any of your troubles. Our team was even nominated for the 2019 Best Quality Management Team Award by the European Contact Centre & Customer Service.

Testimonials

Dessert dessert topping. Chocolate bar tootsie roll candy cotton candy cookie sweet bonbon lemon drops. Toffee dragée bonbon. Gingerbread soufflé sweet roll unerdwear.com cheesecake dragée gummies caramels.

Lollipop biscuit gummies cotton candy cheesecake. Jelly-o chocolate cake soufflé oat cake lemon drops muffin. Sesame snaps sweet roll croissant… Topping lollipop marshmallow sugar plum sweet roll muffin cookie!!!

Pudding muffin unerdwear.com caramels! Gummies jelly carrot cake cake cookie lollipop jelly-o chocolate cake cupcake. Carrot cake tiramisu macaroon bear claw tootsie roll sesame snaps toffee!

Contact Us

support@eliteacademicessays.com

    Back To Top