Business/economics problem (price change)

Probability theory and statistics

Business/economics problem (price change)

Postby Guest » Thu Mar 11, 2021 7:49 am

I am trying to solve a business/economics problem.

Below is the data:
| Scenarios | Pillow Price p.u. | Mattress sold | Pillows sold | Pillow revenue | Pillow production cost |
| -------- | --------------- | ------------ | ------------ | ------------- | -------------- |
1 | 65 € | ​3,016 | 801 | 25,536 €​ | 16,020 €​
2 | 55 €​ | 4,229 | 1,772 | 49,424 €​ | 35,440 €​

Should the price change (from scenario 1 to scenario 2) be retained or reverted? Show calculations.

Also, is there any correlation between Mattress and Pillow?
Guest
 

Re: Business/economics problem (price change)

Postby Guest » Mon Jul 05, 2021 8:35 am

Do you think it's ok to pay for such services?
Guest
 


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