CRT Data Analytics & Visualization 2

Question 1

A tobacconist notices that humidor cigar sales spike every Friday afternoon. Which type of chart best communicates this weekly pattern to store management?

Accepted Answer

Line chart with time on the x-axis

Answer

A line chart with time on the x-axis clearly shows trends and recurring patterns such as weekly sales spikes.

Question 2

Which KPI is most useful for evaluating whether a tobacco retail store's pricing strategy is effective?

Accepted Answer

Gross margin percentage by product category

Answer

Gross margin percentage by product category directly measures how effectively pricing covers costs and generates profit.

Question 3

When analyzing cigar sales data, what does a high standard deviation in daily revenue indicate?

Accepted Answer

Revenue varies widely from day to day

Answer

A high standard deviation means daily revenue fluctuates significantly, signaling inconsistent sales performance.

Question 4

A retailer wants to identify which premium cigar brands contribute to 80% of total revenue. Which analytical technique applies?

Accepted Answer

Pareto analysis (80/20 rule)

Answer

Pareto analysis identifies the vital few products responsible for the majority of revenue, following the 80/20 principle.

Question 5

Which dashboard element would best alert a tobacconist manager when humidor humidity falls outside the safe range?

Accepted Answer

A conditional-formatted gauge or alert indicator

Answer

Conditional-formatted gauges or alert indicators visually flag when a metric breaches a threshold, enabling immediate action.

(CRT) Certified Retail Tobacconist Practice Test

(CRT) Certified Retail Tobacconist Practice Test

CRT Data Analytics & Visualization 2