Read the following (hypothetical case and answer the questions listed below) <\/p>
The Indiana Inc. a lead denim manufacturer in New Orleans has productions sites in four different counties with production ratio at 8:5:3:4. Their key products are Skinny jeans (50%), straight leg jeans (35%) and jeggings (15%). Each of these products come in two styles - stone washed (60%) and plain (40%). Their monthly production cost is about $0.95 mn. All products in both styles are produced at all the four sites, while the manufacture proportion is maintained across the production sites. <\/p>
<\/p>
<\/p>
Q2.a. The analysts at Indiana Inc intend to draw a sample for a quick analysis. Propose a probability sampling technique elucidating the steps clearly. (5 marks) <\/strong><\/p> <\/p> Q 2.b )The following table shows the sale price for each product<\/strong><\/p> <\/p> <\/p> Average cost of Production in $ Skinny Jeans Straight Leg Jeans Jeggings <\/p> Stone Washed $210 $185 $170 <\/p> Plain $185 $90 $110 <\/p> <\/p> Given that 5000 units were produced last month what is the revenue generated for each product line? Comment about the status of business at Indiana Inc. <\/p> <\/p> Q 2.c If it is known that the product is a stone washed jeans what are the chances that it is a skinny jeans?<\/strong><\/p>",
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"edition": "15th Edition",
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"question_posted": "2024-06-11 09:16:53",
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