Referencing Styles : Open Section A: Basic Analysis (25% marks) 1. What proportions of the students in your sample are local and what proportion are international? 2. What is the relationship between price and average quantity consumed by students? 3. What are the most popular and least popular soft drinks among students? 4. How loyal are students to their brand? (Do students change their preference when they receive a 25%, 40% or 60% discount on their preferred drink?) Section B: The behavior of local students vis-à-vis International Students (25% marks) 5. How does the demand (price-quantity relationship) of international students differ from that of local students? 6. What are the most and least popular drinks among local students? How does this compare with the preferences of the international student? 7. Are local students more loyal to their brand than international students? Section C: Advance scenarios (25% marks) 8. Suppose, you randomly selected a student from BUS1BAN class. a. How likely is it that the student will be a local student and how likely is it that the student will be an international student? b. How likely is it that the student will prefer Pepsi and Coke over any other soft drink? 9. Pepsi claims that its share in the soft drink market is at least 25% of the total demand. Is this a valid claim at 95% confidence level? 10. Suppose a total of 20,000 students attend La Trobe University every week comprising of 10,000 local and 10,000 international students. The university expects this number to increase to 25,000 next year (comprising of 10,000 local and 15,000 International students. Using your survey results, calculate the impact of this change on aggregate consumption of soft drinks at La Trobe