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Nakul_HI6037 Assignment Template(1)

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92 views14 pages

Nakul_HI6037 Assignment Template(1)

Uploaded by

rajeshsaidigital7
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Faculty of Higher Education

Group Assignment Cover Sheet

This cover sheet must be submitted with your assignment


Unit Unit Name BUSINESS ANALYTICS
Details Code HI6037
Year 2024
Trimester number 2

Assessment Assessment Name


Details Due Date: dd/mm/yyyy 27-09-2024

Group
SYDNEY 38
Number

** only list students who have contributed to this assignment


Group Student ID First Name Family Name Contribution %
Details PPE2581 NAKUL NAKUL 100%

Group Integrity Declaration


Submission We have read and understand academic integrity policies and practices and our assessment
Declaration does not violate these.

Student ID First Name Family Name


PPE2581 NAKUL NAKUL

HI6037 Fundamentals of Business Analytics


Submission Date 26-09-2024

Questions for Practical Case Study and Reporting Template

Question: 1. What is the maximum longitude? It belongs to which


state? (1 marks)
Answer: The maximum longitude recorded is -105.635.92.

Screenshot:

Explanation:
The information shows this location more than once because it is linked to several
towns, including AGAWAM, ALSIP, and CHARLESTON. These towns are on the same
longitude, but AGAWAM is at the top of the list because it is linked to State #8050225.
These places have the same location, but more research into the data could help
determine which state these cities are in. Because of the trend in the information, we
can connect AGAWAM to the farthest location. This is important because the dataset
might have multiple records for the same city with the same location information.

Question: 2. How much is the total gross margin for each state in

HI6037 Fundamentals of Business Analytics


2017? (1 marks)
Answer: The bar chart shows the total gross margin for every state in
2017. It covers Arizona, Arkansas, California, Colorado,
Connecticut, Alabama, and more. The length of the bars shows
the gross margin for each state.

Screenshot:

Explanation:
The Gross Profit for all sales in 2017 was added up to get the Total Gross Margin for
each state. This helps us determine how much each state made from sales that year.
The gross margin for each state is shown visually on the bar chart, making it easy to
see which states made the most or least profit for the company. This information can
help a person decide about sales strategies and how to use the resources in the coming
years by letting one focus on states that make more money and look for ways to boost
profits in areas that are not doing well.

Question: 3. How much is the maximum discount and by which store?


(1 mark)
Answer: The largest price that was given was 1,059.65, and it came from

HI6037 Fundamentals of Business Analytics


the store Deals2U8.

Screenshot:

Explanation:
A DAX method was used to find the maximum price that any store in the collection
offered. The store Deals2U (D2U8) has the highest price, at 1,059.65, during the period
that was looked at. This number is shown in a table that shows all the stores and the
biggest deals they offer. By finding the store with the biggest discount, the company can
determine how these deals affected total sales and see if the prices made customers
more interested or led to bigger sales.

Question: 4. Which city has the maximum sales price in 2017? How
much? (1 mark)
Answer:
CT1 had the most expensive sales in 2017, with a top price of
$6.11 million.

Screenshot:

HI6037 Fundamentals of Business Analytics


Explanation:
In 2017, the sample sold for the most money—$6.11—and was tied to the city CT1. A
DAX code was used to find the top purchase price for each place. Then, this number
was found. These numbers tell us more about where things are sold at the best prices.
According to the study, more people might want to buy something if it costs more. This
could help with plans for how to sell and charge for places like these in the future.

Question: 5. The city in Question 4, which product did they sell the
highest sales price in 2017? (1 mark)
Answer:
When looking at sales in the city CT1, nails brought in the most

HI6037 Fundamentals of Business Analytics


money, totaling 160,656.04 in 2017.

Screenshot:

Explanation:
After reviewing the data for CT1 in 2017, Nails was the product that brought in the most
money. This product made a total of 160,656.04, which means that Nails was one of the
best-selling items in this city. Knowing which goods do well in different areas is
important for sales optimization and stocking control. Focusing on high-demand goods
lets the business change its marketing and delivery methods to fit customers' needs in
CT1 and similar markets. This could lead to more sales and happier customers.

Question: 6. For the product in Question 4, which year has the


highest original sales price? (1 marks)
Answer: For the first time in 2016, the most nails were sold, for a total of
1,322,427.15.

Screenshot:

HI6037 Fundamentals of Business Analytics


Explanation:
After narrowing down the information to just the product Nails, the original sales price
was looked at for several years. The original sales price for this item was the largest in
2016, at a total of 1,322,427.15. This study tells us a lot about how product success
has changed. It shows that 2016 was a great year for Nails. This kind of past data can
be used to find patterns in how sales have changed over time. This helps the business
guess what will happen in the future and set prices that meet market needs at different
times.

Question: 7. Which product category had the highest fixed price in


2016? How much was it in total? (1 marks)
Answer: Nails had the highest fixed price in 2016, with a total fixed price
of $483,024.38.

Screenshot:

HI6037 Fundamentals of Business Analytics


Explanation:
By limiting the search to 2016, the group Nails had the most expensive set price,
$483,024.38. The set prices for each type of good are shown in the table that was
made. Nails had the highest set price, which shows that they had a large market share
and high demand throughout the year. This research can help one plan what products
to offer in the future and determine where to put effort into making more money.

Question: 8. Which month had the lowest gross margin, and in which
year? (1 marks)
Answer: May has the lowest gross margin, at 37,306.25, making it the
month with the lowest gross margin.

Screenshot:

HI6037 Fundamentals of Business Analytics


Explanation:
After figuring out the gross margin for each month, it may have the lowest gross margin,
adding up to 37,306.25. This result was reached using a line chart and a table to show
the gross earnings for each month. Knowing how the gross margin changes with the
seasons helps the business figure out when it is not making as much money and change
its plans to do better during those months. By fixing the problems that caused margins to
drop in May, the business can make changes that will help it make more money in
similar months.

Question: 9. In the year with the lowest Gross Profit, which product
had the lowest profit, and how much is that? (1 marks)
Answer: The object that made the least money in 2017 was the Rain
Jacket, which made $320.71.

Screenshot:

HI6037 Fundamentals of Business Analytics


Explanation:
Once it was decided that 2017 had the lowest gross profit, each year's product sold was
examined in more detail. With a sum of 320.71, the Rain Jacket offering made the least
money. This study is very important for finding goods that did not do well and may need
re-evaluation regarding how they are marketed, how much they cost, or even where they
fit in the lineup. The company can focus on its more profitable items by eliminating these
goods that are not selling well.

Question: 10. In the year with the highest Gross profit, which product
had the highest profit, and how much is that? (1 marks)
Answer: One of the products that made the most money in 2016 was
nails, which made 102,106.48.

Screenshot:

HI6037 Fundamentals of Business Analytics


Explanation:
The product Nails made the most money, totaling 102,106.48, in 2016, named the year
with the highest gross profit. The gross earnings of each item were looked at to see
which one did the best. With this new information, the company can see how valuable
Nails is as a big source of revenue during its busiest year. Knowing which goods bring in
the most money can help the business make smart choices about future production,
stocking, and marketing plans to help its best-selling items make the most money.

HI6037 Fundamentals of Business Analytics


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HI6037 Fundamentals of Business Analytics


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HI6037 Fundamentals of Business Analytics


Dashboard 3

HI6037 Fundamentals of Business Analytics

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