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Unlimited Inc. is a furniture company that designs and manufactures high-end products for home and office use. Their main selling point relates with the perceived
- Unlimited Inc. is a furniture company that designs and manufactures high-end products for home and office use. Their main selling point relates with the perceived quality of the product. The companys CEO wants to make sure that customers continue to perceive this, and has asked you to measure and predict customers level of perception towards the products quality based on a set of measures.
However, the CEO is also concerned that some of these measures might need to be readjusted to make sure that the company remains profitable.
- Conduct the appropriate statistical analysis to predict customers perception of the products quality
- Predict what that perception might be by changing the following variables:
- Average products price increases to $3800
- Average products price increases to $3800 and average carpenters experience decreases to 15
- Average products price decreases to $2800, average working hours decreases to 10, and average carpenters experience decreases to 10
Customer's Quality Perceptions (1=low, 10=high) | Average product's price ($) | Average # working hours | Average raw material costs | Average carpenter's expertise (years) |
6 | 2694 | 17 | 420 | 23 |
9 | 4811 | 12 | 526 | 30 |
9 | 4800 | 12 | 375 | 30 |
8 | 4600 | 18 | 376 | 30 |
7 | 3570 | 18 | 326 | 24 |
5 | 958 | 15 | 515 | 4 |
9 | 3808 | 12 | 334 | 18 |
8 | 4600 | 13 | 511 | 27 |
10 | 4826 | 16 | 480 | 26 |
7 | 5679 | 18 | 386 | 30 |
3 | 618 | 12 | 376 | 5 |
8 | 5004 | 20 | 527 | 28 |
9 | 2583 | 14 | 310 | 28 |
3 | 692 | 16 | 457 | 1 |
10 | 5484 | 13 | 463 | 29 |
6 | 2462 | 15 | 433 | 21 |
7 | 3949 | 18 | 314 | 24 |
10 | 5617 | 18 | 419 | 29 |
10 | 4276 | 14 | 523 | 23 |
2 | 597 | 18 | 507 | 5 |
8 | 3303 | 17 | 524 | 26 |
9 | 5009 | 20 | 515 | 29 |
10 | 4963 | 14 | 406 | 30 |
2 | 883 | 17 | 545 | 7 |
6 | 2019 | 14 | 455 | 17 |
10 | 3517 | 14 | 523 | 15 |
7 | 1815 | 15 | 441 | 12 |
6 | 2212 | 18 | 525 | 12 |
10 | 5846 | 15 | 443 | 30 |
4 | 1970 | 14 | 417 | 13 |
3 | 814 | 16 | 527 | 7 |
9 | 3050 | 18 | 403 | 27 |
5 | 1861 | 16 | 316 | 13 |
6 | 2680 | 12 | 318 | 14 |
9 | 4603 | 15 | 397 | 30 |
9 | 4881 | 12 | 320 | 29 |
3 | 915 | 18 | 366 | 6 |
8 | 4800 | 19 | 464 | 28 |
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