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In: Statistics and Probability

Scenario Script Caption Text: After several productive years, Princess Foods Corporation has amassed enough capital, marketing...

Scenario Script Caption Text: After several productive years, Princess Foods Corporation has amassed enough capital, marketing identity, and operational expertise to make a major push into new product lines and markets. To help manage this growth, Princess Foods Corporation has hired you as a consultant. Princess Foods Corporation has been considering a new offering, a premium, high-quality ice cream that is low in sugar and calories. This new “Tiara” line will be offered to customers in exotic flavors, such as Avocado Sea Salt, Ginger Rosewater, and Rosemary Goat Milk, and will use locally sourced, organic ingredients. Bonnie: Well, I suppose we might as well just throw you into the fire. We’ve been piloting the “Tiara” line for the past 50 weeks. I have a presentation to the board on Tuesday and they’re going to be expecting an update on the pilot. Could you wade through this data and put together a short report for me? I’m glad you’re here. Here’s the raw data. Can you organize this? Assignment Bonnie has an upcoming presentation to the board and would like to include some market research from the pilot period. In the Excel spreadsheet are the profits and losses in thousands for Princess Foods Corporation for 50 weeks. The data reflects the performance of the “Tiara” line during the period of the pilot. Provide Bonnie with the following data in a short report:

1. Determine the number of classes, the class range, and then construct a frequency table.

2. Interpret information from the frequency table.

3. Calculate the most appropriate measure and central tendency and explain why that measure was selected.

4. Determine the percentile indicating the bottom ranking 20%. In other words, what is the dollar number that defines where the lowest values fall.

2294 -387 1417 3154 308
1601 3755 184 3273 3063
4567 1440 -404 2403 3368
3461 3709 2056 3505 3535
97 454 -795 4942 2311
2423 2080 -2258 2086 -732
-617 3197 258 3006 5453
20 -2827 -1021 1578 1939
3640 5600 4773 3780 3484
3920 3681 -142 3636 3293

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orchestra answered 2 years ago
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