Question

In: Statistics and Probability

ANALYSIS An Australian manufacturing company is keen to develop new products and develop new product line...

ANALYSIS An Australian manufacturing company is keen to develop new products and develop new product line of shoes so that the company can expand into Asian markets more than before. The data have been collected for 99 products from the market. The data are in an excel file named “SHOES”. The file includes: PRICE: Price of the shoes in dollars. GENDER: 1 for Female product and 2 for Male product. COUNTRY: the country in which the shoes is produced: 1 made in Thailand, 2 made in Singapore and 3 made in China. COST: Production cost of the shoes in dollars.

questions:

QUESTIONS Part 1: 1. Construct a pie chart for numbers of men and women shoes. Construct a pie chart for numbers for the three countries- Thailand, Singapore and China. Present your findings.

2. Construct a cross-classification table of frequencies between gender and country. Plot a vertical bar chart of frequency (Y variable) and gender (X variable), then group the bar charts of genders for three countries and comment on the relationship between gender and country

3. Determine if average prices for female shoes is less than average prices for male shoes. Compare the result with part 2 question

1. Does the result confirm your previous findings? (Follow the hypothesis testing steps, 0.05 level of significance, assuming “equal variances” of populations).

4. Using a scatter graph of price (Y variable on vertical axis) and production cost (X variable, horizontal axis), comment on the relationship between price and cost.

COST GENDER COUNTRY PRICE
177 1 1 395
143 1 1 400
163 1 1 304
186 1 1 274
124 1 1 371
43 1 1 355
112 1 1 154
186 1 1 261
124 1 1 258
43 1 1 280
112 1 1 240
186 1 1 314
124 1 1 273
112 1 1 366
265 1 1 372
185 1 1 353
223 2 1 314
213 2 1 294
183 1 1 222
173 1 2 182
143 1 2 161
143 1 2 193
163 1 2 260
133 1 2 198
207 1 2 215
265 1 1 353
133 2 1 386
123 2 1 303
29 2 1 225
29 2 1 171
193 2 1 291
183 2 1 350
139 2 1 315
133 1 2 308
73 1 2 156
83 1 2 313
159 1 2 364
188 1 2 192
139 1 2 151
89 1 2 390
75 1 2 211
69 1 2 306
75 1 2 210
69 1 2 334
55 1 2 247
55 1 3 341
55 1 3 238
41 1 3 299
49 1 3 183
51 1 2 200
45 1 2 271
65 1 2 350
65 1 2 361
43 1 2 250
43 2 2 244
185 2 2 274
185 2 2 388
183 2 2 348
117 2 2 163
111 1 2 172
177 1 2 399
97 2 2 360
69 2 2 244
57 2 2 233
65 2 2 319
36 2 2 337
38 1 3 259
34 1 3 361
36 1 3 381
183 2 3 323
38 2 3 231
138 2 3 205
199 2 1 289
243 2 1 297
163 2 1 356
252 2 1 345
223 2 1 298
213 2 1 285
153 2 1 311
159 2 1 269
188 2 1 340
36 2 3 276
46 2 3 373
126 2 3 287
66 2 3 367
48 2 3 157
116 1 3 155
193 1 3 335
183 1 3 367
139 1 3 345
117 2 3 153
111 2 3 396
69 2 3 277
66 2 3 246
175 2 3 352
155 2 3 380
74 2 3 278
66 2 3 153
175 2 3 209

E

Solutions

Expert Solution

from the all results in R studio,

1.Female shoes are produced more than male shoes. For all country the shoes produced are approximately equal.

2. There is no relation between the Gender and country

3. From the results of t test ,p

value is greater than 0.05( level of significance). Therefore there is no significant difference in mean price of male and female.

4. From the scatter plot it seems that there is very weak positive correlation between price and cost of shoe.


Related Solutions

ANALYSIS An Australian manufacturing company is keen to develop new products and develop new product line...
ANALYSIS An Australian manufacturing company is keen to develop new products and develop new product line of shoes so that the company can expand into Asian markets more than before. The data have been collected for 99 products from the market. The data are in an excel file named “SHOES”. The file includes: PRICE: Price of the shoes in dollars. GENDER: 1 for Female product and 2 for Male product. COUNTRY: the country in which the shoes is produced: 1...
ANALYSIS An Australian manufacturing company is keen to develop new products and develop new product line...
ANALYSIS An Australian manufacturing company is keen to develop new products and develop new product line of shoes so that the company can expand into Asian markets more than before. The data have been collected for 99 products from the market. The data are in an excel file named “SHOES”. The file includes: PRICE: Price of the shoes in dollars. GENDER: 1 for Female product and 2 for Male product. COUNTRY: the country in which the shoes is produced: 1...
Why is it importabt for a company to develop new products ?
Why is it importabt for a company to develop new products ?
Company is considering adding a new line to its product mix, and the capital budgeting analysis...
Company is considering adding a new line to its product mix, and the capital budgeting analysis is being conducted by a MBA student. The production line would be set up in unused space (Market Value Zero) in Sugar Land’ main plant. Total cost of the machine is $350,000. The machinery has an economic life of 4 years and will be depreciated using MACRS for 3-year property class. The machine will have a salvage value of $35,000 after 4 years. The...
Leverage Analysis:  Your employer has decided to purchase a new manufacturing line.  The new line will generate an...
Leverage Analysis:  Your employer has decided to purchase a new manufacturing line.  The new line will generate an additional $3,000,000 of operating income annually and will cost $50,000,000.  You are trying to decide if the line should be financed with debt or with equity.  The company currently has $60,000,000 of debt (borrowing rate is 8%) and $30,000,000 of equity.   (Part #1) Complete the income statement below (shaded region) including the two ratios at the bottom of the table. (Part #2) Recommend one of the...
You work in a manufacturing company which produces white goods. The company is planning an investment in a new product line.
  You work in a manufacturing company which produces white goods. The company is planning an investment in a new product line. The initial investment includes the machinery required for the production line which costs $320,000. Other expenses were included in the expected cash flows. The new machinery has a useful life of 4 years and an estimated residual value at the end of the 4th year of $80,000. Depreciation is the only non-cash expense. The net cash flows of...
SANoresta Inc, produces and sells cosmetic products. The company has just begun manufacturing a new line...
SANoresta Inc, produces and sells cosmetic products. The company has just begun manufacturing a new line of moisturizer. The following cost and revenue data relate to February, the first month of production: Direct Material $16 Units Produced 24,000 Direct Labor $10 Units Sold 20,000 Variable MOH $4 Variable Selling & Admin $6 Fixed MOH $110,400 Fixed Selling & Admin $170,000 Determine the per unit cost under both variable costing and absorption costing and prepare the income statement for each costing...
2) Gigagar Inc manufactures computer components. It wants to develop a new line of product, but...
2) Gigagar Inc manufactures computer components. It wants to develop a new line of product, but realizes that it cannot do so without a complicated device known as a "digital phalange finger." It has tried to design that devise itself, but has failed. It therefore sent a letter to Katenben Ltd, another high-tech company, that said: "We have tried to design a digital phalange finger but have failed. We are willing to pay $100 000 for the design of a...
A company is considering of a new product line that is believed to be marketable for...
A company is considering of a new product line that is believed to be marketable for the next 10 years. An initial investment of $215,000 will be required with an estimated salvage value of $40,000 at the end of 10 years. The annual receipts will start at $53,000, the first year and then increase by $2000 each year thereafter. Disbursements will start at $21,000 the first year and increase by $500 each year thereafter. What is the prospective rate of...
A Company is considering a new product line to supplement its range line. It is anticipated...
A Company is considering a new product line to supplement its range line. It is anticipated that the new product line will involve cash investment of $700,000 at time 0 and $1.0 million in year 1. After-tax cash inflows of $500,000 are expected in year 2, $300,000 in year 3, $700,000 in year 4, and $400,000 each year thereafter through year 10. Though the product line might be viable after year 10, the company prefers to be conservative and end...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT