Essay on Statistics 201 Final Project
STA 201 - Principles of Statistics
Instructor Alok Dihtal
April 26, 2015
Introduction Nyke Shoe Company has been in business for over 50 years. Over the last five years, the company has been undergoing some financial hardship due to an erratic market and an inability to understand what the consumer actually needs. In a last ditch effort to avoid bankruptcy, they have adopted a new business model which entails the development of only one shoe size. In order to achieve this goal, statistical data must be utilized and applied to make the best choice. The data used will be explained to the fullest and a conclusion will be then obtained.
A sample …show more content…
The safest bet in order for the Nyke Company to come out of a possible bankruptcy situation is to focus only on female shoes of size 7. The result will remain consistent if the prices are the same for all shoes irrespective of gender and shoe size. If there are more data numbers