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Quantitative Methods Assignment (Doc)

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Added on  2020-04-21

Quantitative Methods Assignment (Doc)

   Added on 2020-04-21

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Quantitative Methods Assignment (Doc)_1
IntroductionThe objective of the given task is to understand the soft drink market comprising of thestudents studying at the USC. In order to facilitate the same , a survey was conducted so as tocollect the data about the consumption & demand of various beverages along with theirrespective beverage preferences and impact of price on the same. From the representativepopulation data collected through the survey, a sample of 80 students was obtained from theoriginal survey results through the use of random sampling. This was executed through theusage of random sampling. From the sample data obtained, various inferential and descriptivestatistics techniques have been applied in order to provide answers to the various question.These have been highlighted in the following section while the relevant computations areshown in the attached excel sheer. Data AnalysisBased on the sample data and the corresponding computations performed in excel, the following analysis may be carried out.1)Out of the given 80 students which form the sample, 72 are domestic students while theremaining 8 are international students. This implies that the proportion of domesticstudents in the sample is 90% while that of international students is 10% only.2)It is observed from the sample data that as the price of the beverage tends to increase, thecorresponding consumption tends to shrink. This implies that there is an inverserelationship between the price and beverage quantity consumed by the students. Thefollowing scatter plot also highlights the same.
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