Question 5 Some elements of the income statement of ABC Limited are provided below: JF MAMJJ ASON D Sales £k 8000 8800 11200 13600 12800 27200 18400 12800 9600 9600 8800 1200 Cost of Sales £k 4000 4400 5600 6560 7200 14400 8800 6400 4000 4800 3200 5600 Salaries £k 24 24 32 32 36 32 40 48 48 48 48 56 No. Orders K 8 12 10.4 12 11.2 16 16 12 9.6 8.8 8 12 No. Customer Complaints 184 144 56 56 48 40 56 48 56 56 72 160 a) Calculate the correlations between complaints and sales and complaints and orders. Comment on the results. b) Briefly discuss the weaknesses of correlation analysis c) Below are histograms of data sets following either pare to, normal or uniform distribution. Identify which distribution most likely generated each histogram and justify your choice. Additionally, state whether more data would be required for confirmation of these decisions.

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FIN4006D_Business_Maths_2147 [Compatibility Mode] - Microsoft Word (Product Activation Failed)
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(d) Explain the use of spreadsheet software in business. Apply this to the work of a
management accountant and what they might use spreadsheets for?
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Transcribed Image Text:FIN4006D_Business_Maths_2147 [Compatibility Mode] - Microsoft Word (Product Activation Failed) File Home Insert Page Layout References Mailings Review View PDFelement X Cut - A A Aa A Find - Aa Arial 11 AaBbCcC AaBbCcI AaBbCcC AaBbCcC AaBbCcC AaBbCcC AaB AaBbCc ab A Copy "ac Replace E E- Change | Styles - Paste В IU-abe х, х* 1 Body Text I Heading 1 1 List Paragr. I No Spacing 1 Normal 1 Table Para. 1 Title Heading 2 e Select - Format Painter Clipboard Font Paragraph Styles Editing ARDEN UNIVERSITY 10 8 -2 -1 2 3 6 Value 2 4 8 10 12 Value 8 2 0.2 1 0.4 0.6 Value 0.8 (d) Explain the use of spreadsheet software in business. Apply this to the work of a management accountant and what they might use spreadsheets for? Page: 7 of 11 Words: 2,003 English (U.S.) 目目昆海 82% 07:33 O Type here to search W 6°C Clear ENG (3 10/12/2021 * Suanbai Kpuənbej
FIN4006D_Business_Maths_2147 [Compatibility Mode] - Microsoft Word (Product Activation Failed)
File
Home
Insert
Page Layout
References
Mailings
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View
PDFelement
X Cut
- A A
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"ac Replace
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В IU-abe х, х*
1 Body Text
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Question 5
Some elements of the income statement of ABC Limited are provided below:
J F M A M J
A S O N
Sales £k 8000 8800 11200 13600 12800 27200 18400 12800 9600 9600 8800 1200
Cost of
Sales £k 4000 4400 5600 6560 7200 14400 8800 6400 4000 4800 3200 5600
Salaries £k
24 24
32
32
36
32
40
48
48 48
48
56
No. Orders K 8 12
10.4
12
11.2
16
16
12
9.6 8.8
8 12
No. Customer
Complaints
184 144
56
56
48
40
56
48
56
56 72 160
a) Calculate the correlations between complaints and sales and complaints and
orders. Comment on the results.
b) Briefly discuss the weaknesses of correlation analysis
c) Below are histograms of data sets following either pare to, normal or
uniform distribution. Identify which distribution most likely generated each
histogram and justify your choice. Additionally, state whether more data
would be required for confirmation of these decisions.
Page: 7 of 11
Words: 2,003
English (U.S.)
目目昆海 82%
07:33
O Type here to search
EL N
W
6°C Clear
ENG
(3
10/12/2021
Transcribed Image Text:FIN4006D_Business_Maths_2147 [Compatibility Mode] - Microsoft Word (Product Activation Failed) File Home Insert Page Layout References Mailings Review View PDFelement X Cut - A A AaBbCcC AaBbCcl AaBbCc[ AaBbCc[ AaBbCc[ AaBbCcC AaB AaBbCc A a a "ac Replace Aa Aa Arial 11 A Copy Change | Styles - Paste В IU-abe х, х* 1 Body Text 1 Heading 1 1 List Paragr. I No Spacing 1 Normal 1 Table Para. 1 Title Heading 2 e Select - Format Painter Clipboard Font Paragraph Styles Editing Question 5 Some elements of the income statement of ABC Limited are provided below: J F M A M J A S O N Sales £k 8000 8800 11200 13600 12800 27200 18400 12800 9600 9600 8800 1200 Cost of Sales £k 4000 4400 5600 6560 7200 14400 8800 6400 4000 4800 3200 5600 Salaries £k 24 24 32 32 36 32 40 48 48 48 48 56 No. Orders K 8 12 10.4 12 11.2 16 16 12 9.6 8.8 8 12 No. Customer Complaints 184 144 56 56 48 40 56 48 56 56 72 160 a) Calculate the correlations between complaints and sales and complaints and orders. Comment on the results. b) Briefly discuss the weaknesses of correlation analysis c) Below are histograms of data sets following either pare to, normal or uniform distribution. Identify which distribution most likely generated each histogram and justify your choice. Additionally, state whether more data would be required for confirmation of these decisions. Page: 7 of 11 Words: 2,003 English (U.S.) 目目昆海 82% 07:33 O Type here to search EL N W 6°C Clear ENG (3 10/12/2021
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