Compare average profit across mix scenarios

Q: Compare average profit across mix scenarios

This question evaluates understanding of expected value, weighted averages, and profit-margin analysis within the Statistics & Math domain for a Data Scientist role. It is commonly asked to probe quantitative reasoning about pricing and cost trade-offs, and it tests practical application of arithmetic and scenario-based profit modeling rather than abstract theoretical concepts.

Q: How do I approach Statistics & Math interview questions?

Statistics & Math questions require understanding of core concepts and practice. PracHub provides solutions with explanations to help you master statistics & math interviews.

Question

Burger Profit Mix — Scenario A vs. Scenario B

Context: You sell two burger types (Regular and Vegan). In Scenario A, you sell only Regular. In Scenario B, you sell both with a mix ratio Vegan:Regular = 2:3. Total units sold are the same in both scenarios.

Given:

Regular: price = $4, unit cost =$ 1
Vegan: price = $4, unit cost =$ 2
Total units sold unchanged between scenarios

Compute:

The average profit per burger in Scenario A and in Scenario B.
The difference (B − A) in $ per burger.
The total profit change for 1,000,000 total burgers (B minus A).

Compare average profit across mix scenarios

Burger Profit Mix — Scenario A vs. Scenario B

Solution

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Compare average profit across mix scenarios

Overview

Burger Profit Mix — Scenario A vs. Scenario B

Solution

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