Statistics and Graphical Displays Valencia Orange Price Comparison You have been hired as a consultant to determine...

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Basic Math

Statistics and Graphical Displays

Valencia Orange Price Comparison

You have been hired as a consultant to determine who ABC GroceryStore should be ordering Valencia Oranges from.

To: Statistician

From: ABC Grocery Store

Please advise us on which company to use as our orangedistributor. Three highly recommended distributors have provided uswith statistical data on the weekly prices for one load of Valenciaoranges per week for a ten-week period last year. Prices fluctuateaccording to availability, and we would like to use the companywith the lowest overall price and the least amount of fluctuation.We would like your written report showing your results and adetailed recommendation as to which company we should choose.

Here are the prices, listed as price in dollars per crate:

Week

The Fruit Guys

Sunny Oranges

Tree Groves

1                 

350

345

345

2

350

295

340

3

310

325

310

4

330

315

290

5

340

290

305

6

290

305

290

7

305

300

320

8

315

315

320

9

325

340

300

10

355

350

359

You must type in and analyze the data for each company.   

Helpful directions:

  1. Analyze the data for each company: frequency, relativefrequency, mean, median, mode, standard deviation, and range.(I already made a chart which is show right below thisquestion for this and answered it. I just need help with the restplease)
  2. The Fruit GuysSunny OrangesTree Groves
    Mean327318317.9
    Median327.5315315
    Mode350315290,320
    Standard Deviation20.76120.27322.421
    Range656069
    Frequency327031803179
    Relative Frequency355350359
  3. You need to decide which statistics to compare to determine theoverall lowest price and the least fluctuation. Create and includeat least two charts that will be useful to best support yourconclusions. (PLEASE DRAW THE CHARTS, THANKYOU!)
  4. Write a brief informative letter in response to the requestfrom ABC Grocery answering their request. Be sure to include:
    1. A very detailed explanation of the data and the conclusions youcame to. You should use the statistics youcalculated to make this decision. (HELPPPPP PLEASEEEE!THANK YOU******)
    2. Charts to support your explanation.
  5. Attach copies of the Excel pages or embed the Excel work inyour letter of response.

Answer & Explanation Solved by verified expert
3.8 Ratings (493 Votes)
a From the given descriptive statistic we know that SunnyOranges has the approximately equal measure of central tendencywith Tree Groves These two company has smaller    See Answer
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