Question
I am trying to work a case problem, I have to take a group of numbers and using the data by product line, there is three different products lines, I need to compile a breakdown of sales by product then give a total of all three. then I need to find the expected sales for each product if the total of all 3 is equal to 100,000 total units. Can you give me some advice on where to start?
thanks
Nancy
thanks
Nancy
Answers
This does not look like statistics. It looks like extrapolation.
Assume the sales breakdown gives you sales of S1, S2 and S3, with a total T = S1 + S2 + S3.
If you sold 100,000, the new sales amounts of each product would be
S1' = S1*(100,000/T)
S2' = S2*(100,000/T)
S3' = S3*(100,000/T)
Assume the sales breakdown gives you sales of S1, S2 and S3, with a total T = S1 + S2 + S3.
If you sold 100,000, the new sales amounts of each product would be
S1' = S1*(100,000/T)
S2' = S2*(100,000/T)
S3' = S3*(100,000/T)
Related Questions
How do I get the answer to: calculate the percent total of each product? the total product sales is...
Using the unit data by product line, compile a breakdown of sales by product line. Alpha = 218, beta...
in a meeting juan heas someone say a product mix in wide what does that mean
the product mix contai...
in a meeting, Juan hears someone say a product mix is "wide." Wht does that mean?
THE PRODUCT MIX C...