BAI329 Lab Application

Lab Insight: Apply the same steps used in Lab 4.1 Excel (and continue using Lab 4.1 Data.xlsx), but now compute the profit margin (Sales price per pound minus Cost per pound) and profit margin percentage (margin divided by sales price per pound). Then use Excel’s Data Analysis ToolPak to compute the descriptive statistics (mean, median, maximum, minimum) for the profit margin percentage.

Required:

Compute the profit margin and profit margin percentage ratios.

Summarize the profit margin ratios using descriptive statistics.

1. Create a visualization showing the margin percentage. Include chart title and axis titles.
2. Data: Lab 4.1 Data.xlsx
3. Analyze the Data: Refer to lab 4.1 in your text for additional instructions and steps.

Answer the following questions based on the details computed.