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Excel Questions Business Analysis

Answer the following questions excel.

Assignment 6: Analyzing Distribution Types and Trend Lines in Excel

Scenario:
You are a data analyst for a small retail company, and your manager has asked you to analyze customer purchasing trends over the past year. You have been provided with sales data from different store locations. Your task is to examine the distribution of monthly sales, identify trends, and visualize the data using Excel.

Data Set (Copy into Excel):

Month

Store A Sales ($)

Store B Sales ($)

Store C Sales ($)

Store D Sales ($)

Jan

4200

3800

5000

4700

Feb

4600

3900

5200

4800

Mar

4800

4200

5300

4900

Apr

5000

4300

5400

5000

May

5100

4500

5500

5200

Jun

5200

4600

5600

5300

Jul

5300

4800

5700

5500

Aug

5400

4900

5800

5600

Sep

5500

5000

5900

5700

Oct

5600

5200

6000

5800

Nov

5700

5300

6100

6000

Dec

5800

5400

6200

6100

Assignment Details/Instructions:

Using Excel’s
Data Analysis Toolpak, complete the following tasks:

1.
Create Frequency Distributions:

· Generate a histogram for Store A’s monthly sales.

· Set appropriate bin ranges for the histogram or let the system do it for you.

2.
Analyze the Distribution Shape:

· Describe the shape of the histogram (e.g., normal, skewed).

3.
Create Trend Lines:

· Create a line graph showing the sales trends for all four stores over the year.

· Add a trend line for
Store A and
Store C and display the equation on the chart.

· Identify whether the trend is linear, exponential, or polynomial.

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