FIN 100-Assignment 1-Bottling Company Case Study
\nImagine you are a manager at a major bottling company. Customers have begun to complain that the bottles of the brand of soda produced in your company contain less than the advertised sixteen (16) ounces of product. Your boss wants to solve the problem at hand and has asked you to investigate. You have your employees pull thirty (30) bottles off the line at random from all the shifts at the bottling plant. You ask your employees to measure the amount of soda there is in each bottle<\/p>\n
Assignment 1: Bottling Company Case Study
\nDue Week 10 and worth 140 points Imagine you are a manager at a major bottling company. Customers have begun to
\ncomplain that the bottles of the brand of soda produced in your company contain less
\nthan the advertised sixteen (16) ounces of product. Your boss wants to solve the
\nproblem at hand and has asked you to investigate. You have your employees pull thirty
\n(30) bottles off the line at random from all the shifts at the bottling plant. You ask your
\nemployees to measure the amount of soda there is in each bottle Bottle
\nNumber Ounces Bottle
\nNumber Ounces Bottle
\nNumber Ounces 1 14.23 11 15.77 21 16.23 2 14.32 12 15.80 22 16.25 3 14.98 13 15.82 23 16.31 4 15.00 14 15.87 24 16.32 5 15.11 15 15.98 25 16.34 6 15.21 16 16.00 26 16.46 7 15.42 17 16.02 27 16.47 8 15.47 18 16.05 28 16.51 9 15.65 19 16.21 29 16.91 10 1.
\n2.
\n3. 15.74 20 16.21 30 16.96<\/p>\n
Calculate the mean, median, and standard deviation for ounces in the bottles.
\nConstruct a 95% Confidence Interval for the ounces in the bottles.
\nConduct a hypothesis test to verify if the claim that a bottle contains less than
\nsixteen (16) ounces is supported. Clearly state the logic of your test, the calculations, and
\nthe conclusion of your test.
\n4.
\nProvide the following discussion based on the conclusion of your test:
\na. If you conclude that there are less than sixteen (16) ounces in a bottle of soda, speculate on
\nthree (3) possible causes. Next, suggest the strategies to avoid the deficit in the future.
\nOr
\nb. If you conclude that the claim of less soda per bottle is not supported or justified, provide a
\ndetailed explanation to your boss about the situation. Include your speculation on the reason(s)
\nbehind the claim, and recommend one (1) strategy geared toward mitigating this issue in the
\nfuture.<\/p>\n","protected":false},"excerpt":{"rendered":"
FIN 100-Assignment 1-Bottling Company Case Study Imagine you are a manager at a major bottling company. Customers have begun to complain that the bottles of the brand of soda produced in your company contain less than the advertised sixteen (16) Read More …<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-438","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/438","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=438"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/438\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=438"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=438"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=438"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}