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...

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PROJECTCold Storage Case StudySubmitted by Ravi Thakur
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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
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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
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  • Fall '17
  • Statistics, Null hypothesis, Statistical hypothesis testing, cold storage

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