Discuss about a marketing costs versus benefits


Discuss the below:

Q: You own a small tea company, Sweet Leaf, NASDQ ticker symbol LEAF. You are looking at marketing costs versus benefits. Your production manager says it doesn't matter which tea you produce, all tea is the same. You say otherwise. You hire a consumer research firm headed my Matt Stat. He randomly interviews 100 consumers of your tea and the results are listed below.

BRAND PREFERRED NUMBER

Mumbo Jumbo 16
Smooth 22
Purple Passion 27
British Experience 18
China Drift 17

The competing sides are a uniform distribution like the production manager says, or what your customers say. Run a goodness of fitness test to see if the distribution is uniform, or if the brands are different.

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Basic Statistics: Discuss about a marketing costs versus benefits
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