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Analysis of Marketplace Confidence Sample Assignment

Analysis of Marketplace confidence

Dear Bendigo City Council,

Thank you for the opportunity to assist you in the analysis of business data from your regional area. I have presented a summary below in response to the questions you posed.

1. Annual gross revenue in the Bendigo region:

  1. The annual gross revenue of the 150 businesses surveyed ranged from $48,300 to $29,395,440 with an average of just $439,675. There was a fair amount of variation in the revenue of the businesses surveyed, with a difference of more than $29 million between the largest and smallest revenues. There were a significant number of businesses at the lower end of the scale, with 84% of business grossing less than $6,000,000 in revenue annually and almost 25% generating less than $100,000. There were a few unusual results at the top end of those surveyed. Based on standard measures, revenues exceeding about $8.6 million are considered to lie outside the norm.
  2. The average annual gross revenue of the businesses surveyed is $439,675. Assuming the data supplied is representative of all 5,500 registered businesses, total annual revenue in the Bendigo region is $2,418,212,500.

2. Influence of having a business plan on gross revenue:

  1. The data does not support the proposition that having a business plan has any material effect on gross revenue. Overall, there is no significant difference in revenue results between businesses that have a business plan and those that do not. It may be worth noting that there a greater proportion of businesses without a business plan in a revenue bracket less than $3,000,000 annually. 86.7% of those without a business plan fall under this bracket, while only 67.5% of those with a business plan do. Looking beyond this, the proportions even out by the mark of $9 million in revenue, which may suggest that having a business plan has a marginal effect on low-revenue businesses, but near no effect on those with larger revenues.

3. Management by gender:

  1. Just as the majority of management positions have been held by men historically, so too is it the case in the Bendigo region. Of the businesses surveyed, 94% are managed by males and 6% by females.
  2. Before addressing the salary data of the managers surveyed, I should note that with only 9 female managers included in the survey results, the analysis I provide relating to females may not be a fair representation of the Bendigo region more broadly.

The salaries of both male and female managers are distributed fairly evenly. The average male manager earns $80,850 annually, while female managers earn $101,210 on average. The salaries of female managers are more consistent than their male counterparts. Female salaries range between $78,500 and $119,700 and males range between $36,400 and $183,300. While there are no unusual results to report among female salaries, there were 2 male managers whose salaries exceeded what would be considered normal with salaries in excess of $150,000.

4. Influence of having a business plan on prospects for future investment:

The proportion of companies with and without a business plan reporting beliefs in the prospect for future investment in the middle range (i.e. low, neither low nor high, and high) are nearly identical. However, there are some significant differences at both the lower and upper end of the scale. Only 4.2% of companies with a business plan responded ‘very low’ and 18.3% responded ‘very high’. Among companies without a business plan, these figures were 13.3% and 3.3% respectively. These results confirm a positive relationship between having a business plan and great belief in the prospect for future investment.

5. Relationship between selected variables and gross revenue:

  1. There appears to be a strong positive relationship between the number of employees in an organisation and gross revenue, with a greater number of employees appearing to increase gross revenue.
  2. There appears to be a positive non-linear relationship between a manager’s average annual salary and gross revenue. Salaries under $100,000 have no significant influence on revenue, however it has a small but increasing impact as salaries grow beyond this level.
  3. There appears to be a positive non-linear relationship between training per person per annum and gross revenue. Training spends below $3,000 per person are all attributed to companies with a gross revenue under $2 million. Although training spends above $3,000 per person can also be attributed to businesses with revenue below $2 million, there is an increasing tendency towards greater revenue as training spend increases beyond this level.

I hope these conclusions are to your satisfaction. Please do not hesitate to contact me should you have any questions regarding this analysis or should you require any further assistance with respect of further data analysis.

Regards,

Ashley Black

Business Intelligence (BI)

Question 1

Gross Revenue ($'000)

Mean

2991.24

Standard Error

468.33

Median

439.68

Mode

78.50

Standard Deviation

5735.84

Sample Variance

32899916.88

Kurtosis

9.11

Skewness

2.96

Range

29347.14

Minimum

48.30

Maximum

29395.44

Sum

448686.71

Count

150.00

Q1

101.07

Q3

3503.39

IQR

3402.32

Tukey's Lower Fence

-5002.41

Tukey's Upper Fence

8606.86

Empirical Lower Fence

14216.29

Empirical Upper Fence

20198.78

Analysis of Marketplace Confidence img1

Bin

Frequency

3000

107

6000

19

9000

11

12000

5

15000

0

18000

1

21000

1

24000

1

27000

3

30000

2

Analysis of Marketplace Confidence img2

Bin

Frequency %

3000

71.3

6000

12.7

9000

7.3

12000

3.3

15000

0.0

18000

0.7

21000

0.7

24000

0.7

27000

2.0

30000

1.3

Question 2

Gross Revenue ($'000) with Business Plan

Mean

3299.50

Standard Error

537.59

Median

910.84

Mode

N/A

Standard Deviation

5888.98

Sample Variance

34680087.16

Kurtosis

8.25

Skewness

2.81

Range

29347.14

Minimum

48.30

Maximum

29395.44

Sum

395940.53

Count

120.00

Q1

111.53

Q3

3625.45

IQR

3513.92

Tukey's Lower Fence

-5159.36

Tukey's Upper Fence

8896.32

Empirical Lower Fence

-14367.44

Empirical Upper Fence

20966.45

Gross Revenue ($'000) without Business Plan

Mean

1758.21

Standard Error

908.54

Median

112.36

Mode

78.50

Standard Deviation

4976.30

Sample Variance

24763545.70

Kurtosis

18.85

Skewness

4.16

Range

25413.39

Minimum

56.83

Maximum

25470.22

Sum

52746.18

Count

30.00

Q1

86.56

Q3

713.19

IQR

626.63

Tukey's Lower Fence

-853.39

Tukey's Upper Fence

1653.14

Empirical Lower Fence

-13170.69

Empirical Upper Fence

16687.10

With a Business Plan

   Without a Business Plan

Gross Revenue (‘000)

Frequency

Percentage

Frequency

Percentage

$0 - $3,000

81

67.5

26

86.7

$3,001 - $6,000

18

15.0

1

3.3

$6,001 - $9,000

10

8.3

1

3.3

$9,001 - $12,000

4

3.3

1

3.3

$12,001 - $15,000

0

0.0

0

0.0

$15,001 - $18,000

1

0.8

0

0.0

$18,001 - $21,000

1

0.8

0

0.0

$21,001 - $24,000

1

0.8

0

0.0

$24,001 - $27,000

2

1.7

1

3.3

$27,001 - $30,000

2

1.7

0

0.0

Total

120

100.0

30

100.0

Analysis of Marketplace Confidence img3

Question 3

Gender

Frequency

Percentage

Male

141

94.0

Female

9

6.0

150

100.0

Analysis of Marketplace Confidence img4

Male Manager Salary ('000)

Mean

80.85

Standard Error

1.96

Median

80.40

Mode

56.60

Standard Deviation

23.22

Sample Variance

539.11

Kurtosis

2.21

Skewness

0.85

Range

146.90

Minimum

36.40

Maximum

183.30

Sum

11400.20

Count

141.00

Q1

62.60

Q3

97.30

IQR

34.70

Tukey's Lower Fence

10.55

Tukey's Upper Fence

149.35

Empirical Lower Fence

11.20

Empirical Upper Fence

150.51

Female Manager Salary ('000)

Mean

101.21

Standard Error

4.08

Median

103.10

Mode

N/A

Standard Deviation

12.23

Sample Variance

149.45

Kurtosis

0.53

Skewness

-0.58

Range

41.20

Minimum

78.50

Maximum

119.70

Sum

910.90

Count

9.00

Q1

98.70

Q3

108.90

IQR

10.20

Tukey's Lower Fence

83.40

Tukey's Upper Fence

124.20

Empirical Lower Fence

64.54

Empirical Upper Fence

137.89

Male Managers

Female Managers

Gross Salary

Frequency

Percentage

Frequency

Percentage

$35,000 - $49,999

9

6.4

0

0.0

$50,000 - $64,999

32

22.7

0

0.0

$65,000 - $79,999

29

20.6

1

11.1

$80,000 - $94,999

30

21.3

1

11.1

$95,000 - $109,999

28

19.9

5

55.6

$110,000 - $124,999

11

7.8

2

22.2

$125,000 - $139,999

0

0.0

0

0.0

$140,000 - $154,999

0

0.0

0

0.0

$155,000 - $169,999

1

0.7

0

0.0

$170,000 - $184,999

1

0.7

0

0.0

Total

141

100.0

9

100.0

Analysis of Marketplace Confidence img5

Question 4

With Business Plan

Without Business Plan

Prospect of Investment

Frequency

Percentage

Frequency

Percentage

Very Low

5

4.2

4

13.3

Low

23

19.2

5

16.7

Neither low nor high

32

26.7

10

33.3

High

33

27.5

9

30.0

Very High

22

18.3

1

3.3

Unsure

5

4.2

1

3.3

Total

120

100.0

30

100.0

Prospect of Investment

Very Low

Low

Neither low nor high

High

Very High

Unsure

Total

With Business Plan

5

23

32

33

22

5

120

Without Business Plan

4

5

10

9

1

1

30

Total

9

28

42

42

23

6

150

Prospect of Investment %

Very Low

Low

Neither low nor high

High

Very High

Unsure

Total

With Business Plan

4.2

19.2

26.7

27.5

18.3

4.2

100.0

Without Business Plan

13.3

16.7

33.3

30.0

3.3

3.3

100.0

Total

6.0

18.7

28.0

28.0

15.3

4.0

100.0

Prospect of Investment %

Very Low

Low

Neither low nor high

High

Very High

Unsure

Total

With Business Plan

55.6

82.1

76.2

78.6

95.7

83.3

80.0

Without Business Plan

44.4

17.9

23.8

21.4

4.3

16.7

20.0

Total

100.0

100.0

100.0

100.0

100.0

100.0

100.0

Analysis of Marketplace Confidence img6

Question 5

Analysis of Marketplace Confidence img7

R^2=0.99

Analysis of Marketplace Confidence img8

R^2=0.78

Analysis of Marketplace Confidence img9

R^2=0.60

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