# Math810 mini project 3 | Statistics homework help

* Word Document and Excel Sheet Attached

Synopsis

Marketing and Advertising Analysis

You are the regional marketing vice president overseeing all US marketing for an international pharmaceutical distributor. Your team has recently submitted a proposed budget for advertising and marketing spending for the upcoming year to support 10% annual revenue growth for your company’s best-selling product, Dilomatox.  A summary of that budget along with this year’s forecasted data (forecasted since your fiscal year isn’t quite complete yet) is below:

DILOMATOX – Proposed Marketing Budget (DATA TABLE IN WORD DOCUMENT)

Proposed   Budget (Next Year)  Current   Forecast (This Year)     %   Change

Advertising and   Marketing Spending (total)   \$64,250,000   \$56,860,000   +13%

Product Revenue  \$1,164,471,000  \$1,058,610,000   +10%

Marketing   Spending as % of Revenue   5.52% 5.37%

CURRENT YEAR FINANCIAL FORECASTS (TABLE IN ATTACHED WORD DOC);

Dilomatox         Zoraffil            %   Change

Advertising and   Marketing Spending (total)  \$56,860,000  \$52,040,000    -8.5%

Product Revenue  \$1,058,610,000   \$1,138,510,000     +7.5%

Marketing   Spending as % of Revenue   5.37%  4.57%

To support their findings, the committee has supplied your team with the attached data file, providing weekly marketing spending and revenue (in millions of dollars) for the last 52 weeks for both brands.

Your task is to analyze this data, ‘uncover the story’ behind how advertising spend and revenue for these brands are related (or not!), and to write a managerial summary that you can use to justify your proposed advertising and marketing budget. You should organize your summary in a way that provides a strong and coherent argument, but in that argument your analysis should answer all of the following questions:

1. Answer      parts a-b below:
1. Describe       the relationship between advertising and revenue for Dilomatox. Would you       characterize these relationships as strong or weak? Support your response       with relevant graphs and statistics.
2. Describe       the relationship between advertising and revenue for Zoraffil. Would you       characterize these relationships as strong or weak? Support your response       with relevant graphs and statistics.
2. Analyze      the multivariate relationship between Dilomatox’s revenue and the other      variables provided (Dilomatox’s marketing spend, Zoraffil’s revenue, and      Zorafill’s marketing spend). Is there a significant relationship between      Dilomatox’s sales and any (or all) of these variables? Support your      response with relevant charts or statistics.
3. What      percent of the variation in revenue does advertising and marketing spend      explain for both brands? Explain.
4. Based      on your analysis, if both brands ceased all advertising and marketing      spend, how much revenue would be lost? Explain.
5. What      impact will the CFO’s proposed \$11 million dollar cut to your budget have      on Dilomatox revenue next year?

Your managerial summary should include a description of the statistical tests or processes used to answer each question, an explanation of the necessary results (appropriate descriptive or graphical summaries, statistics like r-values and least-squares regression equations, predicted values – and if appropriate estimates of error for any parameters or predictions made). It should also show that any required assumptions for any statistical procedures used are valid. Use a 95% level of significance for any statistical tests.

Calculate your paper price
Pages (550 words)
Approximate price: -

Why Choose Us

Quality Papers

We value our clients. For this reason, we ensure that each paper is written carefully as per the instructions provided by the client. Our editing team also checks all the papers to ensure that they have been completed as per the expectations.

Over the years, our Acme Homework has managed to secure the most qualified, reliable and experienced team of writers. The company has also ensured continued training and development of the team members to ensure that it keep up with the rising Academic Trends.

Affordable Prices

Our prices are fairly priced in such a way that ensures affordability. Additionally, you can get a free price quotation by clicking on the "Place Order" button.

On-Time delivery

We pay strict attention on deadlines. For this reason, we ensure that all papers are submitted earlier, even before the deadline indicated by the customer. For this reason, the client can go through the work and review everything.

100% Originality

At Essay USA, all papers are plagiarism-free as they are written from scratch. We have taken strict measures to ensure that there is no similarity on all papers and that citations are included as per the standards set.

Our support team is readily available to provide any guidance/help on our platform at any time of the day/night. Feel free to contact us via the Chat window or support email: support@acmehomework.com.

Try it now!

## Calculate the price of your order

We'll send you the first draft for approval by at
Total price:
\$0.00

How it works?

Follow these simple steps to get your paper done

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

Essay USA has stood as the world’s leading custom essay writing services providers. Once you enter all the details in the order form under the place order button, the rest is up to us.

## Essay Writing Services

At Essay USA, we prioritize on all aspects that bring about a good grade such as impeccable grammar, proper structure, zero-plagiarism and conformance to guidelines. Our experienced team of writers will help you completed your essays and other assignments.