Calculation in Socialist Commonwealth System †MyAssignmenthelp

Question: Discuss about the Calculation in Socialist Commonwealth System. Answer: Introduction It is being said that drinks are circulated in colleges and the college want to investigate about the popularity of the drinks. The analysis can help them to choose and keep backup of the required drinks. There are four varieties of the drinks and different price levels. Discounts are also being offered at certain drinks. So, the analysis is being made here with dataset collected from national students and international students. Purpose of this report is to understand students soft drinks market in the university. The drinks market is measured in terms of 375ml cans. Data are being collected from domestic and international students. There are different variety of drinks like soft drinks, tea/coffee, energy drinks, fruit juices and other (Ward et al. 2016). The others part include water and milk drinks. There are different price level of the drinks as well like $0.50, $1, $1.50, $2, $2.50, 43, $3.50, $4, $4.50 and $5. Drinks were also ranked on the basis of first preference, second preference, third preference and fourth preference. Each of the variety of drink are being ranked in the said way and recorded. Again, there is another column in the data set on whether the students will change their preferences if being offered a discount. There are answers for 25 % discount and 40 % discount. The data management are tallie4d and calculated in excel and the results are written below. Required answers are: A sample of 80 students is being collected randomly from the college. They were being collected irrespective of domestic and international students. Proportion of national students in the sample is 0.92 and proportion of international students in the sample is 0.075. It can be seen from the dataset that with an increase in price, there is a decrease in the average quantity of drinks consumed (Rahayu and Wahyudi 2017). It can be seen here that when the price was lowest that is $0.50; quantity of drinks consumed was the maximum that is 2360. Prices have raised from $0.50 to $5 gradually and the quantity consumed has decreased gradually. At price $5, the quantity consumed is 150. Given are the result of consumption of soft drinks, fruit juice, Tea/Coffee, Energy drinks and others(water, milk drinks etc), it can be seen that among the four varieties, the most popular one is others (water, milk, drinks etc) as it is the first preference of the maximum number of people (Chuosavasdi et al. 2016). The rest of the drinks are being consumed at a much lower quantity management. In case of 25% reduction in cost, a proportion of 0.175 students are expected to change their brand and a proportion of 0.825 students are expected not to change their brand (Jackson et al. 2016). Again in case of 40% reduction in cost, a proportion of 0.50 student are expected to change their brand preference. Simultaneously, a proportion of 0.50 students are expected not to change their brand. There is no difference between demands of international students and that of national students (Xiao and Jiang 2017). In case of domestic students, consumption goes down as price goes up. Again in the case in international students, demand goes down as consumption goes up. Therefore, both are the same. It can be said here that international students mostly prefer fruit juice and others like water and milk drinks. Again, domestic students are said to prefer other drinks the most that is water and milk drinks. Soft drinks can be taken to be preferred in the second position. It is likely that a proportion of 0.2125 students will choose soft drinks as their first preferences (Von Mises 2016). An upper and a lower interval can be calculated here based on the preferences. The lower interval is -0.128 and the higher interval is 0.553. The average preferences range in expected to vary within this interval. Conclusion It can be concluded from the report that the other category that is the water and milk drinks category is the most popular one among the students. There are divisions in domestic students and international students management. Demand of the drinks goes up with the decrease in price and demand goes up for increase in price. The fact is same for both the category. There are students who are willing to change their preferences if being offered and discount. The proportion varies with variation in discount levels. With a discount of 25%, the change in preferences will be less but within the increase in discount till 40%, the rate of change in preferences will go up. References Ward, K., Spurr, L., Goldman, N.R., Margaritopoulos, G.A., Kokosi, M., Renzoni, E., Chua, F., Maher, T.M., Ward, S. and Wells, A.U., 2016. Patient eligibility for anti-fibrotic therapy in idiopathic pulmonary fibrosis can be altered by use of different sets of reference values for calculation of FVC percent predicted.Respiratory medicine,120, pp.131-133. Rahayu, W. and Wahyudi, E., 2017. CLASSICAL TEST THEORY OF INNAPROPRIATE INDEX SCORES ACCURACY COMPARISON USING CONFUSION MATRIX ACCURACY PROPORTION IN EDUCATIONAL MEASUREMENT.IJER-INDONESIAN JOURNAL OF EDUCATIONAL REVIEW,4(1), pp.84-92. Jackson, M., Hood, C., Johnson, C. and Johnson, K., 2016. Calculation of Urban Morphology Parameterisations for London for use with the ADMS-Urban Dispersion Model.International Journal of Advanced Remote Sensing and GIS, pp.pp-1678. 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