A company produces three different products: A, B, and C. The company wants to analyze the sales
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Question:
A company produces three different products: A, B, and C. The company wants to analyze the sales of these products over the past three years and identify any significant trends or patterns. The sales data for each product is summarized in the table below:
Product | Year 1 | Year 2 | Year 3 |
---|---|---|---|
A | 10,000 | 12,000 | 15,000 |
B | 15,000 | 16,500 | 17,500 |
C | 8,000 | 9,000 | 10,500 |
a) Calculate the total sales and the average sales for each product over the three years.
b) Calculate the growth rate of each product from Year 1 to Year 2 and from Year 2 to Year 3.
c) Perform a hypothesis test to determine if there is a significant difference in the average sales of these products.
Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
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