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Project 4
Spreadsheet: Survey Results of 500 People
Instructions: The ABC Water Company asked 500 customers to rate its newest
water purifier that customers may install on kitchen faucets. Read the survey
results and answer the questions.
Ratings of Features (5 = highest, 3 = average; 1 = lowest )
Feature 5 4 3 2 1 Totals
1. Easy to put together? 121 240 72 10 57 500
2. Easy to change filter? 27 61 59 243 108 498
3. Works reliably? 333 89 44 28 6 500
4. Cost is reasonable? 59 67 3 270 101 500
5. Would you buy? 118 250 51 43 38 500
1. Which feature received the greatest number of average ratings?
2. What percent of respondents gave "easy to change filter" a rating of average or below?
(Answer to the nearest tenth of a percent .)
3. What percent of respondents gave "works reliably" a rating of above average?
(Answer to the nearest tenth of a percent .)
4. Based on this survey, what might ABC Water do to improve the popularity of its new
water filter before doing another survey or market test?
(Explain at least two changes .)
Easy to put together


See through hat they a do to he p o er pr es h e eep su sta a ty
dd so eth g to he p a e t eas er to ha ge ter
Project 4: Prices of Chairs
Instructions:
The selling prices below the chairs are not in the right positions.
Enter the selling price, using what you know about supply, demand, and costs.
Use each price once.
$115.00 $280.00 $245.00 $399.00 $189.00 $19.00
Folding Chair
Supply: high
Demand: high
Manf Cost:
very low
Rocking Chair
Supply:
average
Demand: low
Manf Cost:
average
Antique Armchair
Supply: very
low
Demand: low
Manf Cost:
very high
Modern Armchair
Supply: high
Demand: high
Manf Cost:
average
Wooden Dining
Chair
Supply: low
Demand:
average
Manf Cost:
average
Dining Chair
Supply:
average
Demand: high
Manf Cost:
average
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Page 3
Project 4
Spreadsheet: Selling Price and Profit
Instructions: Fill in the missing amounts on the spreadsheet.
Selling Forecast Fixed Variable Total Possible
Price Unit Fixed Costs Costs Costs Gross Net
Per Unit Sales Costs Per Unit Per Unit Per Unit Sales Profit
$10.95 13,000 85,000 $ 6.54 $ 3.00 $ 9.54 $ 142,350.00 $ $18,330.00
$11.45 12,000 85,000 $ 7.08 $ 3.00 $ 10.08 $ 137,400.00 $ $16,440.00
$11.95 11,000 85,000 $ 7.73 $ 3.00 $ 10.73 $ 131,450.00 $ $13,420.00
$12.45 10,000 85,000 $ 8.50 $ 3.00 $ 11.50 $ 124,500.00 $ 9,500.00 $
$12.95 9,000 85,000 $ 9.44 $ 3.00 $ 12.44 $ 116,550.00 $ 4,590.00 $
$13.45 8,000 85,000 $ 10.63 $ 3.00 $ 13.63 $ 107,600.00 $ ########