Cold Storage Case Study.docx - PROJECT Cold Storage Case Study Submitted by Ravi Thakur Table of Content Introduction 3 1 Project Objective for Cold

# Cold Storage Case Study.docx - PROJECT Cold Storage Case...

This preview shows page 1 - 4 out of 7 pages.

PROJECTCold Storage Case StudySubmitted by Ravi Thakur
Table of ContentIntroduction................................................................................................................................31. Project Objective for Cold Storage Case Study..................................................................3Case study.................................................................................................................................32. Problem 1...............................................................................................................................3a .Find mean cold storage temperature for Summer, Winter and Rainy Season (6 marks). 3b .Find overall mean for the full year (6 marks).......................................................................3c .Find Standard Deviation for the full year (6 marks)............................................................3d .Assume Normal distribution, what is the probability of temperature having fallen below 2 C? (6 marks).........................................................................................................................................3e .Assume Normal distribution, what is the probability of temperature having gone above 4 C? (6 marks).........................................................................................................................................3f .What will be the penalty for the AMC Company? (7.5 marks).............................................3Solutions....................................................................................................................................43. Solution for Problem 1..........................................................................................................4Ans 3.a........................................................................................................................................4Ans 3.b........................................................................................................................................4Ans 3.c........................................................................................................................................4Ans 3.d........................................................................................................................................5Ans 3.e........................................................................................................................................5Ans 3.f.........................................................................................................................................54. Problem 2...............................................................................................................................54a .Which Hypothesis test shall be performed to check the if corrective action is needed at the cold storage plant? Justify your answer. (7.5 marks).....................................................................54b .State the Hypothesis, perform hypothesis test and determine p-value (10 marks).......54c .Give your inference (5 marks).............................................................................................55. Solution for Problem 2..........................................................................................................6Ans 5.a........................................................................................................................................6Ans 5.b........................................................................................................................................6Ans 5.c........................................................................................................................................7
Introduction1. Project Objective for Cold Storage Case StudyThis project objective is to explore, analyze and solve Problem1 and Problem 2 by using data set “Cold_Storage_Temp_Data.csv” and “Cold_Storage_Mar2018.csv” Case study2. Problem 1Cold Storage started its operations in Jan 2016. They are in the business of storing PasteurizedFresh Whole or Skimmed Milk, Sweet Cream, Flavoured Milk Drinks. To ensure that there is no

#### You've reached the end of your free preview.

Want to read all 7 pages?

• Fall '17
• Statistics, Null hypothesis, Statistical hypothesis testing, cold storage

### What students are saying

• As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

Kiran Temple University Fox School of Business ‘17, Course Hero Intern

• I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

Dana University of Pennsylvania ‘17, Course Hero Intern

• The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

Jill Tulane University ‘16, Course Hero Intern