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Retail Sales Analysis

Through rigorous hypothesis analysis, we examined the dynamics of retail sales. Our study delved into key factors impacting sales performance, uncovering valuable insights and informing strategic decision-making. By analyzing data, formulating hypotheses, and conducting statistical tests, we gained a deeper understanding of the retail landscape, empowering businesses to optimize their sales strategies and drive success in a competitive market.

Sales by day of the week.png

Question: Does the Day of the week affect the sales?

F-statistic: 3.254531387471924

P-value: 0.006107751330990576

Insight:

Since the p-value (0.0061) is less than the significance level (typically 0.05), we can reject the null hypothesis. In other words, the day of the week does have an impact on sales.

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