Reference no: EM132848498

During the test, the mileage and the top speed is recorded for each of the prototypes. The data will be used for performing hypothesis testing for the claims made on the specifications

Additionally, the chief engineer reported that the cost of manufacturing the Rocinante36 model would be ?6 lakh per car and that of the Marengo32 model would be 33 lakh per car, including all the overhead expenses. Given the business scenario, you need to invest the total manufacturing cost upfront. The manufacturing cost will be recovered slowly by the next financial year as sales start happening. These details are summarised in the table given below.

Specifications Rocinante 36 Marengo32

Price 7 lakh 41 lakh

Manufacturing cost 6 lakh 33 lakh

Mileage 22 km/litre 15 km/litre

Top speed 140 km/hr 210 km/hr

Currently, the company has enough cash reserves to invest in only one model. Therefore, as the Lead Business Analyst, you need to carefully choose the right model and decide the number of cars that you want to produce. Since you believe in making data-based decisions, you ask your team to provide you with the sales data of all the past models released under the brands Rocinante and Marengo. The sales data is provided in the file titled Data Exhibit 2.