French Biscuit Manufacturer (FBM), produces two types of biscuits (i) double chocolate biscuits and (ii) tea time biscuits in two separate manufacturing units. They are interested in expanding the manufacturing units (one by one) because there is a demand in the market but facing a difficulty to decide which manufacturing unit should expand first. Company officials decided that the expansion decision was based upon monthly demand. FBM official consults you and requests to give your valuable suggestion which will be helpful for the final decision. you analyzed the following normally distributed data: Monthly Sale of Biscuits Double Chocolate 8551 6314 5259 8138 8429 4807 8025 6845 6478 7513 9125 4894 9106 8775 10070 7845 6229 8459 10542 4196 Tea Time 10247 6601 7404 8919 9255 8404 6304 7803 11474 9131 13345 8118 6713 7439 10957 12098 9134 7535 10316 8125 Kindly provide the following information regarding your data analysis. Develop a 95% confidence interval for the difference between the average sales of the two types of biscuits assuming that the variances are equal. “On average, sales of double chocolate biscuit is 500 units more than tea time biscuits”. Comments in the light of part “d” result.
French Biscuit Manufacturer (FBM), produces two types of biscuits (i) double chocolate biscuits and (ii) tea time biscuits in two separate manufacturing units. They are interested in expanding the manufacturing units (one by one) because there is a demand in the market but facing a difficulty to decide which manufacturing unit should expand first. Company officials decided that the expansion decision was based upon monthly demand.
FBM official consults you and requests to give your valuable suggestion which will be helpful for the final decision. you analyzed the following
|
Monthly Sale of Biscuits |
|||||||||
Double Chocolate |
8551 |
6314 |
5259 |
8138 |
8429 |
4807 |
8025 |
6845 |
6478 |
7513 |
9125 |
4894 |
9106 |
8775 |
10070 |
7845 |
6229 |
8459 |
10542 |
4196 |
|
Tea Time |
10247 |
6601 |
7404 |
8919 |
9255 |
8404 |
6304 |
7803 |
11474 |
9131 |
13345 |
8118 |
6713 |
7439 |
10957 |
12098 |
9134 |
7535 |
10316 |
8125 |
Kindly provide the following information regarding your data analysis.
- Develop a 95% confidence interval for the difference between the average sales of the two types of biscuits assuming that the variances are equal.
- “On average, sales of double chocolate biscuit is 500 units more than tea time biscuits”. Comments in the light of part “d” result.
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