Key building blocks of good decision making include the ability to visualize, analyze, and verbally communicate ideas effectively. Large volumes of data can be particularly complex to understand and present. However, if data is visually presented through a combination of meaningful charts, text, and a verbal narrative, the intended audience can better engage in the discussion of the facts, patterns, and findings that must be acknowledged before moving to the decision-making stage. You take on the role of a new restaurant owner who is checking on sales since the opening of your establishment in January. You have just downloaded the following sales data from your financial software: Module Four Discussion Sales Data Spreadsheet . It includes sales by food item for each month you have been in business. You would like to create visualizations that illustrate which items are selling well and how the business is doing month by month. What have you been able to identify through the visual representation of the data? What kind of graphic have you selected and why? How would this visualization need to be changed based on your audience? Product Jan Feb Mar Apr Guava Bar $702.00 Guava Bar $312.00 Guava Bar ######## Guava Bar $1,170.00 Guava Bar $1,123.20 ######## Guava Bar $280.80 Guava Bar $62.40 Guava Bar $1,560.00 $936.00 Guava Bar $592.80 Guava Bar $741.00 Guava Bar $3,900.00 $789.75 Guava Bar $877.50 Guava Bar $780.00 Boldo Tea $60.00 Boldo Tea $200.00 Boldo Tea $180.00 Boldo Tea $544.00 Boldo Tea $600.00 Boldo Tea $140.00 Empanada $165.60 Empanada $920.00 Empanada $248.40 $524.40 Empanada $551.25 Empanada $147.00 Empanada $18.40 Empanada $92.00 $1,104.00 Empanada $147.00 Empanada $515.20 Empanada $55.20 Empanada $368.00 Empanada $308.70 Empanada $26.46 $419.52 $110.40 Empanada $1,223.60 Empanada $294.00 Empanada $772.80 $736.00 Empanada $36.80 Empanada $294.00 $736.00 Queso Fresco $340.00 Queso Fresco $510.00 Queso Fresco $680.00 Queso Fresco ######## Queso Fresco $323.00 Queso Fresco $346.80 Queso Fresco $612.00 Queso Fresco $544.00 Queso Fresco $340.00 Queso Fresco $892.50 Queso Fresco $2,261.00 Queso Fresco $1,020.00 Queso Fresco $510.00 Queso Fresco $2,427.60 $1,776.50 Queso Fresco $1,088.00 Queso Fresco $1,550.40 Queso Fresco $2,380.00 Queso Fresco $693.60 Queso Fresco $510.00 Carne Assada $956.25 Carne Assada $1,500.00 Carne Assada $3,125.00 ######## Carne Assada $1,250.00 Carne Assada $1,406.25 Carne Assada $562.50 Carne Assada $2,000.00 ######## Carne Assada $500.00 Carne Assada ######## Carne Assada $225.00 Chocolade $162.56 Chocolade $137.70 Chocolade $606.90 Chocolade $68.85 Chocolade $306.00 Sopapillas $3,557.25 Sopapillas $3,754.87 Sopapillas $948.60 ######## Sopapillas $8,263.36 Sopapillas $7,905.00 Sopapillas $6,324.00 Sopapillas $10,540.00 Sopapillas ######## Sopapillas $3,952.50

Key building blocks of good decision making include the ability to visualize, analyze, and verbally communicate ideas effectively. Large volumes of data can be particularly complex to understand and present. However, if data is visually presented through a combination of meaningful charts, text, and a verbal narrative, the intended audience can better engage in the discussion of the facts, patterns, and findings that must be acknowledged before moving to the decision-making stage. You take on the role of a new restaurant owner who is checking on sales since the opening of your establishment in January. You have just downloaded the following sales data from your financial software: Module Four Discussion Sales Data Spreadsheet . It includes sales by food item for each month you have been in business. You would like to create visualizations that illustrate which items are selling well and how the business is doing month by month. What have you been able to identify through the visual representation of the data? What kind of graphic have you selected and why? How would this visualization need to be changed based on your audience? Product Jan Feb Mar Apr Guava Bar $702.00 Guava Bar $312.00 Guava Bar ######## Guava Bar $1,170.00 Guava Bar $1,123.20 ######## Guava Bar $280.80 Guava Bar $62.40 Guava Bar $1,560.00 $936.00 Guava Bar $592.80 Guava Bar $741.00 Guava Bar $3,900.00 $789.75 Guava Bar $877.50 Guava Bar $780.00 Boldo Tea $60.00 Boldo Tea $200.00 Boldo Tea $180.00 Boldo Tea $544.00 Boldo Tea $600.00 Boldo Tea $140.00 Empanada $165.60 Empanada $920.00 Empanada $248.40 $524.40 Empanada $551.25 Empanada $147.00 Empanada $18.40 Empanada $92.00 $1,104.00 Empanada $147.00 Empanada $515.20 Empanada $55.20 Empanada $368.00 Empanada $308.70 Empanada $26.46 $419.52 $110.40 Empanada $1,223.60 Empanada $294.00 Empanada $772.80 $736.00 Empanada $36.80 Empanada $294.00 $736.00 Queso Fresco $340.00 Queso Fresco $510.00 Queso Fresco $680.00 Queso Fresco ######## Queso Fresco $323.00 Queso Fresco $346.80 Queso Fresco $612.00 Queso Fresco $544.00 Queso Fresco $340.00 Queso Fresco $892.50 Queso Fresco $2,261.00 Queso Fresco $1,020.00 Queso Fresco $510.00 Queso Fresco $2,427.60 $1,776.50 Queso Fresco $1,088.00 Queso Fresco $1,550.40 Queso Fresco $2,380.00 Queso Fresco $693.60 Queso Fresco $510.00 Carne Assada $956.25 Carne Assada $1,500.00 Carne Assada $3,125.00 ######## Carne Assada $1,250.00 Carne Assada $1,406.25 Carne Assada $562.50 Carne Assada $2,000.00 ######## Carne Assada $500.00 Carne Assada ######## Carne Assada $225.00 Chocolade $162.56 Chocolade $137.70 Chocolade $606.90 Chocolade $68.85 Chocolade $306.00 Sopapillas $3,557.25 Sopapillas $3,754.87 Sopapillas $948.60 ######## Sopapillas $8,263.36 Sopapillas $7,905.00 Sopapillas $6,324.00 Sopapillas $10,540.00 Sopapillas ######## Sopapillas $3,952.50

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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You take on the role of a new restaurant owner who is checking on sales since the opening of your establishment in January. You have just downloaded the following sales data from your financial software: Module Four Discussion Sales Data Spreadsheet . It includes sales by food item for each month you have been in business. You would like to create visualizations that illustrate which items are selling well and how the business is doing month by month.

What have you been able to identify through the visual representation of the data?
What kind of graphic have you selected and why?
How would this visualization need to be changed based on your audience?

Product	Jan	Feb	Mar	Apr
Guava Bar		$702.00
Guava Bar	$312.00
Guava Bar				########
Guava Bar	$1,170.00
Guava Bar	$1,123.20			########
Guava Bar		$280.80
Guava Bar	$62.40
Guava Bar		$1,560.00	$936.00
Guava Bar		$592.80
Guava Bar				$741.00
Guava Bar			$3,900.00	$789.75
Guava Bar		$877.50
Guava Bar				$780.00
Boldo Tea				$60.00
Boldo Tea				$200.00
Boldo Tea				$180.00
Boldo Tea	$544.00
Boldo Tea		$600.00
Boldo Tea			$140.00
Empanada		$165.60
Empanada		$920.00
Empanada		$248.40	$524.40
Empanada	$551.25
Empanada	$147.00
Empanada				$18.40
Empanada		$92.00	$1,104.00
Empanada	$147.00
Empanada		$515.20
Empanada				$55.20
Empanada			$368.00
Empanada	$308.70
Empanada	$26.46		$419.52	$110.40
Empanada			$1,223.60
Empanada	$294.00
Empanada			$772.80	$736.00
Empanada		$36.80
Empanada	$294.00			$736.00
Queso Fresco			$340.00
Queso Fresco				$510.00
Queso Fresco			$680.00
Queso Fresco				########
Queso Fresco		$323.00
Queso Fresco		$346.80
Queso Fresco			$612.00
Queso Fresco	$544.00
Queso Fresco				$340.00
Queso Fresco		$892.50
Queso Fresco			$2,261.00
Queso Fresco			$1,020.00
Queso Fresco				$510.00
Queso Fresco		$2,427.60	$1,776.50
Queso Fresco	$1,088.00
Queso Fresco	$1,550.40
Queso Fresco			$2,380.00
Queso Fresco		$693.60
Queso Fresco			$510.00
Carne Assada		$956.25
Carne Assada	$1,500.00
Carne Assada			$3,125.00	########
Carne Assada			$1,250.00
Carne Assada		$1,406.25
Carne Assada				$562.50
Carne Assada			$2,000.00	########
Carne Assada			$500.00
Carne Assada				########
Carne Assada			$225.00
Chocolade		$162.56
Chocolade	$137.70
Chocolade	$606.90
Chocolade			$68.85
Chocolade				$306.00
Sopapillas			$3,557.25
Sopapillas			$3,754.87
Sopapillas		$948.60		########
Sopapillas	$8,263.36
Sopapillas		$7,905.00
Sopapillas	$6,324.00
Sopapillas	$10,540.00
Sopapillas				########
Sopapillas		$3,952.50

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