Benchmarking Assignment Example | Topics and Well Written Essays - 250 words

Benchmarking - Assignment Examplekinds of statistical data such as gross revenue records and stock chronicle management data in order to reflect what is really happening within a genuine business, and, consequently, to assist those who have invested in the business or run the business to make key decisions regarding the business.The government note of central tendency chosen for this work is the statistical or sample mean. The sample mean is precise useful in determining the likelihood of an outcome such as predicting gross sales patterns, this is very important in guiding the management at Books R Us in decision making. Some of the decisions to be do may pertain to investing in new technologies, reducing or increasing the resources allocated to the sales team at Books R UsConsidering the data set provided pertaining to Books R Us and the need to sleep together if the sales performance at Books R Us is good or not, the average sales made by the business in every schools in di strict, the average shape of students per district, the average family incomes in every district, the average amount spent per pupil and the average percentage of families receiving welfare are some of the exceedingly signifi after partt variables that ought to be brought into perspective.The measure of central tendency chosen (the sample mean) will be work out for each of the variables identified above as critical in assessing the sales performance at Books R Us. The total values for each variable will be added first, and then divided with the total number of items recorded for each variable. The resulting means (for each variable) will then be utilize in sales assessment in at Books R Us through constant comparison in the adjacent waysCan help determine the purchasing top executive families have .Compared with the first two variables, this can be used to assess sales performance with regard to pricing of books and can be used to guide decisions on how books are priced in par ticular districtsCan help determine the purchasing power families have .Compared with