Total revenue for a soda in January 2011 was $4,342,262, and total revenue in January 2013 was $4,429,964. See the data below. The soda company is requesting your help as manager to understand how price increases are affecting the quantity of sodas sold. Create a table with the descriptive statistics of the number of sodas sold in the two years, as well as an explanation of the descriptive statistics: What are some of the key aspects of the descriptive statistics that help you tell a story about the 2 years in sodas sold. Run a regression where you explain how price changes are affecting the quantity of sodas sold. Include an explanation of the coefficients as well as an explanation of the t-statistics, the intercept, the R-Squared, and the F-Statistic. Explain managerial recommendations to the soda company on how can you increase the revenue.

Total revenue for a soda in January 2011 was $4,342,262, and total revenue in January 2013 was $4,429,964. See the data below. The soda company is requesting your help as manager to understand how price increases are affecting the quantity of sodas sold. Create a table with the descriptive statistics of the number of sodas sold in the two years, as well as an explanation of the descriptive statistics: What are some of the key aspects of the descriptive statistics that help you tell a story about the 2 years in sodas sold. Run a regression where you explain how price changes are affecting the quantity of sodas sold. Include an explanation of the coefficients as well as an explanation of the t-statistics, the intercept, the R-Squared, and the F-Statistic. Explain managerial recommendations to the soda company on how can you increase the revenue.

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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