Description
Prior to beginning work on this assignment, read Chapters 1 and 2 of your textbook.
Imagine that you are hired as a data analyst for a bank. The bank would like to learn more about its customers’ spending and banking habits to identify areas of improvement. You have been asked to review the bank’s income statements over the last 5 years and identify trends that will allow them to better understand their customers.
Use the bank’s annual income statements from the last 5 years (attached)
Identify three variables or categories that the bank may be interested in further researching, such as sales or revenue. Using these three variables or categories, build a frequency table, a bar chart, and a pie chart using Excel. You will be using the same three variables in each table and chart, so the same data will be displayed in three different formats.
After creating the three tables, which of the tables and charts do you find most useful for communicating information about the bank’s customers? Write a brief case report summarizing your analysis and results.
In your paper,
- Identify three variables in the income statements that the bank may be interested further researching to learn more about its customers.
- Develop a frequency table, a bar chart, and a pie chart using variables in the income statements for your bank.
- Analyze the table and charts to find the most useful information for communicating information about the bank’s customers.
- Summarize your analysis and results, including how the charts were useful in your research.
The Turning Variables Into Knowledge paper
- Must be two to three double-spaced pages in length (not including title and references pages, charts or tables), and formatted according to APA format.
- Must include a separate title page with the following:
- Title of paper in bold font
- Space should appear between the title and the rest of the information on the title page.
- Student’s name
- Name of institution
- Course name and number
- Instructor’s name
- Due date
- Title of paper in bold font
- Must utilize academic voice.
- Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
- Must cite the information found in the Mergent database. ( cited below)
- Must document any information used from sources in APA Style
- Must include a separate references page that is formatted according to APA Style
reference
(2022). Ashford.edu. https://www-mergentonline-com.proxy-library.ashford.edu/companydetail.php?pagetype=earningsestimates&compnumber=5771&earningsestimatespage=2
Sharpe, N. D., De Veaux, R. D., & Velleman, P. F. (2019). Business statistics (4th ed.). Retrieved from https://www.redshelf.com
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Explanation & Answer

View attached explanation and answer. Let me know if you have any questions.
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Turning Variables into Knowledge
Author
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Instructor
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Turning Variables into Knowledge
Introduction
The following is an assessment of the income statement of Bank of America. It
demonstrates some of the most important variables associated with the company. The
information collected is crucial because it provides customer dynamics and the financial
performance of the company. The discussion will be based on the variables that denote customer
behavior and their impact on the organization.
Identify three variables in the income statements that the bank may be interested in further
researching to learn more about its...
