Question: Below is sample data for a company who produces cheese. What do you believe the data is tell…

Below is sample data for a company who produces cheese. What do
you believe the data is telling the company?

Purchasing Households Dollars Per Buyer Trips Per Buyer $ Per Trip Annual $ Volume
Cheese Category 3,345 $           
14.19
4 $       3.55 $ 47,478.93
Lakeland Cheese             
1,840
$           
16.17
3 $       5.39 $ 29,748.76
Cardinal Cheese             
1,171
$           
12.87
3 $       4.29 $ 15,067.55
Wisconsin Cheese 335 $              
7.96
4 $       1.99 $    2,662.62

 

Solution

Below is the analysis from the data provided:

1. Lakeland cheese and cardinal cheese have less number of
committed buyers as compared to Wisconsin cheese. Since Lakeland
and Cardinal cheese have 3 trips per buyer and Wisconsin cheese

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