Question: Forecast of Volumes of Hair Cuts

The volume will be estimated from a survey sent to 100 residents of 6 towns in Johnston County, North Carolina.

The survey included:

Sex   - Male or Female

I would pay the following amount for a hair cut.

I would use the hair cut service of a new business at the above price.

1                         2                         3                         4                         5                         6                             7

Strongly            Disagree            Slightly                Neutral              Slightly                Agree                  Strongly

Disagree                                      Disagree                                          Agree                                               Agree

Weeks between haircuts are:

I believe the economy of the region will (circle one)

1                              2                           3

Become Worse        Stay the Same       Become Better

The results of the survey are attached.  The numbers also reside in the course shell.

For this survey, assume that the answer to the third question must be a 5 or higher for the potential customer to use the service at the price or lower given.

These results represent a random sample of people in the towns designated in the following table.  This table provides the population in 1990 and 2000.

You will need the population for the beginning of 2009.  Although population growth is exponential, to be conservative assume a linear trend line for the population points provided in the above table.  You will need to estimate the current population of these targeted towns.

Price: $2.99

Solution: The downloadable solution consists of 6 pages
Deliverable: Word Document