Question

In: Statistics and Probability

The new candy Green Globules is being test-marketed in an area of upstate New York. The...

The new candy Green Globules is being test-marketed in an area of upstate New York. The market research firm decided to sample 6 cities from the 45 cities in the area and then to sample supermarkets within cities, wanting to know the number of cases of Green Globules sold.

City

1 2 3 4 5 6

Number of Supermarkets

52 19 37 39 8 14

Number of Cases Sold

146,180,251,152,72,181,171,361,73,186

99,101,52,121

199,179,98,63,126,87,62

226,129,57,46,86,43,85,165

12, 23

87,43,59

Obtain summary statistics for each cluster.

Plot the data, and estimate the total number of cases sold, and the average number sold per supermarket, along with the standard errors of your estimates.

Expert Solution

I have answered the question below

Please up vote for the same and thanks!!!

Do reach out in the comments for any queries

Answer:

orchestra answered 1 year ago

Upstate Growers (Upstate) is a cooperative corporation owned by 12 large apple farmers in New York...

Upstate Growers (Upstate) is a cooperative corporation owned by 12 large apple farmers in New York State. Upstate is responsible for managing all 12 apple orchards, picking and sorting the apples, and producing the final apple products. Apples are washed and sorted into three grades: “large unbruised apples,” “large bruised apples,” or “small apples.” These three apple grades/categories comprise the final products produced and sold by Upstate. Large unbruised apples are sold in supermarkets as whole “eating apples” after they...

The following data are collected to study unemployment in a particular region in upstate New York.

The following data are collected to study unemployment in a particular region in upstate New York. The first column shows the number of months unemployed and the second column shows the count of people in the study with the corresponing unemployment length. Let X be a random variable indicating the number of months a person is unemployed. a)Use the data to develop the probability mass function for X. b)Find the cumulative distribution function for X. c)Calculate the mean and standard...

Creamy Dairy is a family-owned dairy located in upstate New York. They are trying to decide...

Creamy Dairy is a family-owned dairy located in upstate New York. They are trying to decide how to process their corn into feed for their livestock. Because they are dairy farmers (and good ones at that), financial choices have a mystical quality about them, so they could use your help. The farm is currently earning $300,000 per year, and an improvement could provide additional revenue. Each of the options will result in an additional (above the current dairy earnings) yearly...

Electricity distribution in upstate New York is provided by only one firm, NYSEG. Demand for...

Electricity distribution in upstate New York is provided by only one firm, NYSEG. Demand for electricity is characterized by P=31-Q_D, and NYSEG has a total cost function TC(Q)=72+Q+2Q^2, and a marginal cost function MC(Q_D )=1+4Q. a. What is NYSEG’s marginal revenue equation? b. What is the quantity and price NYSEG will choose? Show your math for full credit. c. Will NYSEG be able to operate in the market in the short run? What about the long run? Explain briefly....

2. Purchasing a Home in Upstate New York A quantitatively savvy, young couple is interested in...

2. Purchasing a Home in Upstate New York A quantitatively savvy, young couple is interested in purchasing a home in northern New York. They collected data on 26 houses that had recently sold in the area. They want to predict the selling price of homes (in thousands of dollars) based on the size of the home (in square feet). The regression equation is: Price ̂ = -86.097 + 0.248*Size Regression Statistics Multiple R 0.745865819 R Square 0.55631582 Adjusted R Square...

In upstate New York, milk tanker trucks follow a daily routine, stopping at the same dairy...

In upstate New York, milk tanker trucks follow a daily routine, stopping at the same dairy farms every day. Farm output varies due to weather, time of year, number of cows, and other factors. From years of recorded data, the mean amount of milk delivered for processing by milk tanker trucks is 7800 liters, with a standard deviation of 170 liters. Suppose 50 trucks are randomly selected. Find the probability that the mean amount of milk delivered by these trucks...

Tom sold his old house in upstate New York and now has a sum of $175,000...

Tom sold his old house in upstate New York and now has a sum of $175,000 for investment. Tom is considering select only one of the three possible investments to invest his $175,000: a mutual fund (MF), a technology stock (TS), or a certificate of deposit (CD). The investment industry estimates the probability of a good, average, and poor market to be 42%, 27%, and 31%, respectively. The CD is guaranteed to pay a 3.5% return regardless of the market...

A coal burning power plant in upstate New York has been the only provider of power in the region for many years.

A coal burning power plant in upstate New York has been the only provider of power in the region for many years. Recently, a plant that uses wind to create energy was built nearby. The wind plant produces less energy than the coal plant but at a lower cost. Will the coal plant be able to remain competitive in this new market environment?A. Yes, if the coal plant sells energy at a price below its marginal cost.B. Yes, if the...

8. One way to go green in the city of New York would be to eat...

8. One way to go green in the city of New York would be to eat locally grown organic foods. Why would eating local and organic foods be Earth friendly? Please note that organic foods are not necessarily locally grown. Do some research and make a list of the local organic food suppliers in your neighborhood. 9. Typically, the money paid for organic foods is higher than for those grown by conventional intensive agriculture. However, the prices in the store...

Your firm is considering producing a new variety of widget. You have already test marketed the...

Your firm is considering producing a new variety of widget. You have already test marketed the widgets at a cost of $90,000. You estimate sales will be $500,000 in the first year, $800,000 in the second year, $500,000 in the third year, and zero after three years. To produce the new widgets will require an investment in working capital at year 0 of $50,000. Net working capital will be 20% of sales in years 1 and 2. Labor, materials, and...