Question: 1. Just based on the chart below, why do you think that some brands have greater market share than others? Explain your reasoning. Heinz41 Heinz32
1. Just based on the chart below, why do you think that some brands have greater market share than others? Explain your reasoning.
| Heinz41 | Heinz32 | Heinz28 | Hunts32 | |
| Unit Sold = | 182 | 1458 | 851 | 307 |
2. From the table, what do you conclude about the effectiveness of these displays? Explain your reasoning. From the table, what do you conclude about the effectiveness of these brands' features? Explain your reasoning.
| Heinz41 | Heinz32 | Heinz28 | Hunts32 | |
| Times displayed | 63 | 278 | 214 | 125 |
| Times displayed/bought | 24 | 215 | 158 | 57 |
| Percentage | 38% | 77% | 74% | 46% |
| Correlation | 0.194 | 0.168 | 0.272 | 0.239 |
| Times Featured | 91 | 183 | 192 | 128 |
| Times featured/bought | 14 | 151 | 107 | 28 |
| Percentage | 15.38% | 82.51% | 55.73% | 21.88% |
| Correlation | 0.066 | 0.161 | 0.149 | 0.076 |
3. Economists state there is a law of demand for consumer purchases that basically says there is a negative relationship between a products price and the amount of that product a consumer purchases. From the table below, does the correlation between each brands price and the amount they purchase support this idea? Explain your reasoning.
| Heinz41 | Heinz32 | Heinz28 | Hunts32 | |
| Average = | $4.63 | $3,14 | $4.32 | $3.36 |
| Std. Dev = | 0.452 | 0.547 | 0.751 | 0.531 |
| Correlation = | -0.173 | 0.084 | -0.293 | -0.272 |
4. Brand loyalty is defined as a customer buying one brand 75% (or more) of the time. This is admittedly a simple definition. What do you conclude about these customers brand loyalty? Explain your reasoning.
Heinz41 - Brand Loyalty: 0.
Heinz32 - Brand Loyalty: 10.
Heinz28 - Brand Loyalty: 4.
Hunts32 - Brand Loyalty: 3.
No Brand Loyalty: 119.
5. Suppose you have been hired as a data consultant for Hunts32 brand ketchup. Use the information from your data analysis and written analysis and provide two suggestions to improve the Hunts brand market share.
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