Even complicated and confusing topics will be easily developed and covered if you request our help writing an essay. Place an order today!

Three hundred consumers between 21 and 49 years old were randomly selected. After sampling a new wine cooler, each was asked to rate the appeal of the phrase: "Not sweet like wine coolers, not filling like beer, and more refreshing than wine or mixed drinks" as it relates to the new wine cooler. The rating was made on a scale from 1 to 5, with 5 representing "extremely appealing" and with 1 representing "not at all appealing".

As a manager overseeing the development of the concept, you bottle the wine cooler and placed it into distribution in one test store.

Your manager has asked you to assess the data and determine the most likely customer based on the ratings. Additionally, your manager would like you to review sales in the test store.

Usethe Week 3 Data Setto createand calculatethe following in Excel ®:

  1. Estimate the probability that a randomly selected 21 to 49 year old consumer:
    • Would give the phrase a rating of 5
    • Would give the phrase a rating of 3 or higher
    • Is in the 21-24 age group
    • Is a male who gives the phrase a rating of 4
    • Is a 35 to 49 year old who gives the phrase a rating of 1
    • Based on the probabilities for the ratings of 4 and 5, which age/gender demographic would be the best target audience for the new concept?
  2. Create a probability distribution using the data which shows how many cartons of the wine cooler were bought per customer in a month.
    • Calculate the mean and the standard deviation of your probability distribution.
    • Calculate the probability that exactly 3 six packs will be bought in a month.
    • Calculate the probability that between 4 and 8 six packs will be bought in a month.
    • Calculate the probability that at least 5 six packs will be bought in a month.
    • Calculate the probability that no more than 5 six packs will be bought in a month.
  3. Create a relative frequency distribution based on the wine cooler drinking temperatures.
    • Create 6 bins with the same interval in each.
    • Create a histogram
  4. Considering the mean and standard deviation for the ideal drinking temperature:
    • Calculate z values then refer to Table 6.1 - Cumulative Areas Under the Standard Normal Curve
    • Calculate the probability of the wine cooler being less than 45 degrees.
    • Calculate the probability of the wine cooler being greater than 60 degrees.
    • Calculate the percentage of wine coolers served at the ideal temperature, between 49 and 55 degrees.

testimonials icon
  UNIT 2 DB Research is the foundation of this program and a key element of the roles and responsibilities of a scholar-practition...
testimonials icon
Organizational Development Intervention Research ReportOrganizational development (OD) interventions are generally desc...
testimonials icon
What Can We Know about Religions From the ‘Proof of God’s Existence’ to ‘Language Games’ Reading: Hume, David (1779) Dialogues Conc...
testimonials icon
This is a four part project and this is part 2 of 4. All assignment requirements are listed in the attachement and must be read and carried out fu...
testimonials icon
Primary Task Response: Within the Discussion Board area, write 400 words that respond to the following questions...
testimonials icon
Why is it important to review the market for new suppliers, or options, to fulfill a procurement need?What role does legal and re...
testimonials icon
Order Grade A+ Academic Papers Instantly!...
testimonials icon
CARDIAC PROPERTIESMCQ1.Which of the following normally has a slowly depolarizingprepotential?A. Sinoatrial nodeB. Atrial muscle cellsC. Bundle of...
testimonials icon
1 5 Milestone 2 IS GUN VIOLENCE LEARNED With the increasing gun violence, I have...
testimonials icon
 What was your IG or IIG term course? Reflect on the connection between knowledge or concepts from this courses and how those have be...
testimonials icon
Business Project - Part V (Reflection) Part Five - Reflection - 50 Points   ...
testimonials icon
Cochlear implants for childrenPaper details:I need someone to critique an essay based on a list of questions. The critiques should be...

Other samples, services and questions:

Calculate Price

When you use PaperHelp, you save one valuable — TIME

You can spend it for more important things than paper writing.

Approx. price
Order a paper. Study better. Sleep tight. Calculate Price!
Created with Sketch.
Calculate Price
Approx. price