EPSM Unit 7 Data Analytics

Please see my posts on this thread https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 - if you work through the illustration first you should understand how everything hangs together.

Hi sir, For this question "In 2017 how much was the total sales in $m (excluding bakery sales)?" why the answer cannot be given as 25000000?

@Seshi "In $m" means the # of millions – i.e. the number before the 000000.

Thanks a lot

How much extra ticket sales are generated per 1,000 population on the nearest $? How much additional profit would be generated if $250,000 were spent on automated ticket barrier investment? can anyone help me please?

Please see my posts on this thread https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 – if you work through the illustration first , as directed by the course, you should understand how everything hangs together.

I read all the post from Kim but I still stuck in Q3 and Q5 in unit 7. Can anyone give me some directions? I have no idea whether Q3 is related to Q2. If it is not related, extra profit means extra sales here as no other variable cost except automated ticket barrier investment. Therefore, I used linear equation to find out the answer: y = -63,964.57 + 1.1336* 250,000 but it turns out wrong. For Q5, I am confused how population will affect the sales if no purchase is provided.

@magggggie26 Welcome to the forum! For Q3, just don't panic ... if you go through my points you will get the correct answer https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 Re Q5, I don't know what "purchase" information you are looking for for a requirement that asks for sales (i.e. revenue) - not profit.

I went through your points and the example of BBQ cases but still struggling in both questions... For Q3, Additional revenue = additional profit (because there is no variable cost of sale) so it is the amount of investment that you need to deduct. (63,964.58) 150 35,243.50 15000 6,093.71 220000 (250k-30k) 249,396.91 3.00 35,337.92 Sum 262,107.46 I got the above for sales profit = Sales ticket – amount of investment (262,107.46 - 220,000) additional profit 42,107.46 – 16,719.22 = 25,288.24 but this is not the answer… For Q5, if the only variables is population per town, why I can't get the question correct by using linear regression y=a+bx which a = -63964.57, b=0.40624 and x=1000? I got a negative answer... Pls guide where is wrong. Thank you very much

@magggggie26 - see on this post https://opentuition.com/topic/ethics-and-professional-skills-module-unit-7 - my post "February 6, 2020 at 8:36 am" - you have not identified the 3rd variable correctly.

Hi there, I am planning to work through ethic and professional skills module EPSM but I have been struggling to find this online learning module study's materials to prepare for the test, so all I need is how can I get EPSM syllabus. many thanks

@lae950 welcome to our forums! Do not worry! EPSM is a self-contained self-study module. You don't need anything more than is included for you to work through.