Complete a performance report for the month of May, 2018, for First News Corp, a regional newspaper showing four columns: 1) Actual Result; 2) Budgeted Amount; 3) Difference: Actual Result minus Budgeted Amount; 4) Difference as a Percentage of Budgeted Amount, given the following data:
Does the report indicate any cause for managerial investigation?
Definitions:
Nominal Variables
Variables that represent categories without any inherent numerical order or value.
Central Location
A concept in geography and planning indicating a place that is accessible from multiple points or serves as a hub.
Deviations
Differences between observed values and some reference value, often the mean of the data set.
Observations
In statistics, these are the individual data points or measured values gathered during a study or experiment.
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