MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
Bartleby Related Questions Icon

Related questions

Question

This activity demonstrates how to create graphics to enhance the presentation of quantitative data

Scenario

The sales manager for a small manufacturer is interested in marketing the company's rain coat line in a new area of the country. As a first step to establishing a marketing plan she has asked you to produce some graphs showing the market share of the products sold over the past several years in the region.

Analysis

After some research, you acquire the approximate sales for each of the competing products presently in the region under consideration (See the data given below). The question now is to show how best to organize the data to take advantage of a graphical analysis. Pie charts give a quick overview of the market share "slices” each competitor presently enjoys. So you decide to use a pie chart to graph the most recent year's sales data for the region. This will give a good indication of just who the market leaders are and how crowded it is at the top.

Next, you decide to graph the sales for the products over the three-year period available. Multiple bar charts can display several sets of data but are hard to read. Stacked bar charts have the advantage of showing clearly how parts of a whole change over time. In this case, the parts are different company rain coat sales and the whole is the total sales for the region. Thus, a stacked bat chart can be used to show how market shares of this total market vary over time.

Finally, the single bar chart excels in showing how single factors, like total market sales, change over equal periods of time. Armed with this information, you set off to create the desired graphs.

TASK A:

  1. Create a spreadsheet with the data shown below.
  2. Produce and print a pie chart showing the percentage of sales each product currently holds. When including a title, it is desirable to use all capitalized letters for the first title and upper and lower case for the second. Use the given titles.

MARKET SHARE ANALYSIS

2005 SALES

COMPANY

PRODUCT

ANNUAL SALES

Good Week

Rain coat with added Hood

40,000

Fire Rock

Rain Poncho

90,000

Big Blue

Rain pants and shirt

28,000

Air Tight

Rain Coat with detachable hood

45,000

 

TASK B:

  1. From the data below, produce a stacked bar chart showing the market share of sales each product enjoyed for the three years.
  2. Add the appropriate titles, data labels and horizontal and vertical grids for clarity.

 

PRODUCT

YEAR1

YEAR2

YEAR3

Rain coat with added Hood

20,000

32,000

40,000

Rain Poncho

87,000

93,000

90,000

Rain pants and shirt

54,000

43,000

28,000

Rain Coat with detachable hood

40,000

48,000

45,000

 

3. Graph the total sales for each year from the data given. Use a line graph to display the results. Format the sales figures in dollars and add appropriate titles.

Expert Solution
Check Mark
Knowledge Booster
Background pattern image
Similar questions
SEE MORE QUESTIONS
Recommended textbooks for you
Text book image
MATLAB: An Introduction with Applications
Statistics
ISBN:9781119256830
Author:Amos Gilat
Publisher:John Wiley & Sons Inc
Text book image
Probability and Statistics for Engineering and th...
Statistics
ISBN:9781305251809
Author:Jay L. Devore
Publisher:Cengage Learning
Text book image
Statistics for The Behavioral Sciences (MindTap C...
Statistics
ISBN:9781305504912
Author:Frederick J Gravetter, Larry B. Wallnau
Publisher:Cengage Learning
Text book image
Elementary Statistics: Picturing the World (7th E...
Statistics
ISBN:9780134683416
Author:Ron Larson, Betsy Farber
Publisher:PEARSON
Text book image
The Basic Practice of Statistics
Statistics
ISBN:9781319042578
Author:David S. Moore, William I. Notz, Michael A. Fligner
Publisher:W. H. Freeman
Text book image
Introduction to the Practice of Statistics
Statistics
ISBN:9781319013387
Author:David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:W. H. Freeman