Product Definition Everyone Who Has Been to Essay

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Total Length: 765 words ( 3 double-spaced pages)

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Product Definition

Everyone who has been to college knows how difficult shopping can be with roommates. The fact of the matter is that no one agrees on anything. What happens is that often times, college students have to buy sodas in bulk, thinking they will be saving money; but, because only some people in their household actually like certain flavors, there is a lot of waste. The product here is actually a beverage delivery service that provides 12 and 24 packs of beverages or sodas, all with unique flavor combinations upon order request. The customers can go online and order whatever number of particular flavors they want, allowing them to mix and match in order to create a bulk discount that all the members of their household can enjoy.

Data Table

Data

Subject

Price 12 pk

Price 24 pk

1

2

9

15

3

8

4

5

6

7

8 9

10

5

11

11

12

6

13

14

11

15

4.5

9.99

16

8

12.

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99

17

6.99

10

18

5.99

11

19

4.99

8.99

20

5.5

10

21

6.5

11.99

22

7.99

13

23

5.5

9.99

24

4.5

8.99

25

6.5

Intervals

Number of Bins and Intervals

6 bins of 5 Intervals each to make up the answers for both 12 pack and 24 packs

Data Intervals

Frequency Chart

Frequency Chart (12 Pack)

Class Interval

Frequency

0-5

2

5.01-10

21

10.01-15

0

15.01-20

0

20.01-25

0

Frequency Chart (24 Pack)

0-5

0

5.01-10

5

10.99-15

15

15.01-20

1

20.01-25

0

Histogram

12 Pack Prices

24 Pack Prices

Frequency Polygon

Analysis

The data collected really helps me be able to price the product, in both 12 and 24 pack varieties. It is important to understand how frequency contributes to consumer demand (Cartlidge & Phelps, 2010). I get a general idea of what people would be willing to spend for a more specialty beverage product, and helps.....

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"Product Definition Everyone Who Has Been To" (2012, December 02) Retrieved May 20, 2024, from
https://www.aceyourpaper.com/essays/product-definition-everyone-been-83357

Latest MLA Format (8th edition)

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"Product Definition Everyone Who Has Been To" 02 December 2012. Web.20 May. 2024. <
https://www.aceyourpaper.com/essays/product-definition-everyone-been-83357>

Latest Chicago Format (16th edition)

Copy Reference
"Product Definition Everyone Who Has Been To", 02 December 2012, Accessed.20 May. 2024,
https://www.aceyourpaper.com/essays/product-definition-everyone-been-83357
   

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