SOLUTION: Question : Read the following (hypothetical case and answer the questions listed below)
The Indiana Inc. a lead denim manufacturer in New Orleans has productions sites in four dif
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-> SOLUTION: Question : Read the following (hypothetical case and answer the questions listed below)
The Indiana Inc. a lead denim manufacturer in New Orleans has productions sites in four dif
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Question 1132073: Question : Read the following (hypothetical case and answer the questions listed below)
The Indiana Inc. a lead denim manufacturer in New Orleans has productions sites in four different counties with production ratio at 8:5:3:4. Their key products are Skinny jeans (50%), straight leg jeans (35%) and jeggings (15%). Each of these products come in two styles – stone washed (60%) and plain (40%). Their monthly production cost is about $0.95 mn. All products in both styles are produced at all the four sites, while the manufacture proportion is maintained across the production sites.
a. The analysts at Indiana Inc intend to draw a sample for a quick analysis. Propose a probability sampling technique elucidating the steps clearly.
b The following table shows the sale price for each product
Average cost of Production in $
Skinny Jeans
Straight Leg Jeans
Jeggings
Stone Washed
$210
$185
$170
Plain
$185
$90
$110
Given that 5000 units were produced last month what is the revenue generated for each product line? Comment about the status of business at Indiana Inc.
c If it is known that the product is a stone washed jeans what are the chances that it is a skinny jeans? Answer by ikleyn(52797) (Show Source):
