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Intermed Statistics for Business - Essay Example

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Statistics Customer Inserts His/Her Name Customer Inserts Grade Course Customer Inserts 5th June, 2012 Introduction The success of a business depends on several factors such as planning and strategy employed in the process of undertaking business…
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Intermed Statistics for Business
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Download file to see previous pages The results of the analysis were used in analyzing if strategy and planning are important in undertaking business. Analysis In the process of analysing the 73 small sized companies, we made use of the criteria of business planning. The 73 companies were divided into three different distinct groups and data analyzed from this point of view. For instance, categorized under Index 1, were companies which had plans of up to 15 years while index 2 were for companies which had short terms plans of 1 year and below and finally index 3 categorized companies which had no plans at all (Hays, 2007). The analysis report is outlined below: Revenue Revenue of the 73 small companies was measured with the main comparison being the average revenue growth for a period of five years. Index 1: From the analysis of revenues of companies which had short-term strategic plans, the average revenues of 11 companies out of 73 under this category stood at 78.64%. Index 2: From the analysis of revenues of companies which had short-term strategic plans, the average revenues of 27 companies out of 73 under this category stood at 22.74%. Index 3: From the analysis of revenues of companies which had no strategic plans, the average revenues of 35 companies out of 73 under this category stood at 37.29%. ...
Analysis of the income is analyzed below: Index 1: Companies categorized here had an average income growth of 42.73% in the past five years. Index 2: Companies which had short terms plans on the other hand recorded a 27.07% increase in income over the last five years. Index 3: Companies which had no plans at all on the other hand recorded a 19.4% increase in income in the last five years. The analysis of income shows that the mean income of all the 73 companies stood at around 25.76% growth in the last five years (Hays, 2007). Therefore, we can conclude that companies with short and long term plans performed beyond the expected growth rate as shown by figure 2 in the appendix. Book The book value is used to show the average book value growth over a period of five years as analyzed below: Index 1: Average growth for companies falling under this category stood at around 69.18%. Index 2: The percentage growth rate for companies in this category stood at 41.41% over a five year period. Index 3: The growth rate of companies in this category stood at 11.11% over a period of five years. The analysis of the book value growth show that companies with long term plans had the capability to tremendously growth their book balances over a long term. This is compared to companies with short terms plans who posted impressive results by surpassing the mean growth rate of 31.07%. Companies with no plans had a low book value growth rate compared to other companies (Healey, 2011). This is exhibited by figure 3 in the appendix. Comp This variable was used to measure the average cash compensation awarded to CEO for the 73 companies over the period of the last five years. The analysis of compensation ...Download file to see next pagesRead More
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