Business information

One of the ways to measure a company’s growth is through the performance of its employees. A retail outlet specialises in the sale of home products and has undergone staff sales training across its stores in the last month. The data below (table 1) show daily sales (in £) recorded for a sample of 60 randomly selected salespersons employed in that company. Table 1 440 411 523 670 366 455 519 491 498 553 464 310 497 309 432 656 334 352 400 452 479 610 612 510 555 553 466 634 577 608 460 521 632 484 550 336 434 551 534 488 562 670 413 388 597 396 476 646 452 431 651 344 520 477 407 392 522 662 614 357 Write a report explaining how management within the given organisation could use the data above to analyse/ interpret the information for policy and decision-making. The data below (table 2) show daily sales (in £) recorded prior to the training for a sample of 60 randomly selected salespersons Table 2 500 504 424 433 513 530 359 316 384 434 448 411 438 372 423 255 458 400 442 353 453 441 454 415 390 447 485 461 369 410 403 458 477 391 484 429 397 359 437 451 466 329 463 460 395 374 381 280 188 440 435 362 399 380 437 478 469 307 396 361 [Hint: Show how descriptive statistics helps to analyse the data to draw conclusions about the performance of the salespersons. In other words, show how through various numerical measures (central tendency, variation and shape of the distribution) and graphical measures (such as, histogram, box-and-whiskers plot), statistics is used to transform data into information and useful facts].