Stats Problems

In the article, “Another Year of the Chicken: U.S. Beef Supply Will Fall Again in 2015” (2014) the author, Vanessa Wong, analyzes how the the price of beef and been increasing resulting in more of a demand in chicken. Wong goes on to state that the increase in beef resulted from an extreme drought in 2012 “caused feed prices to spike and, in response, farmers thinned their herds” (Wong, 2012). More of a demand in chicken has also been noticed in restaurants. The price of chicken increased five percent as opposed to the nine percent increase in beef at Chipotle Mexican Grill restaurants. However, by the year 2016 Tyson Foods has projected that the cattle supplies will be down to has little as one percent. In truth, the price of beef will decrease.

28. Holding all else constant, an increase in the price of hot dogs would cause:

The demand for beef was caused by the expeditious growth of fast food restaurants in a short amount of time. Over the past several decades of the industrialization of food, most Americans have resorted to eating mainly processed foods, including beef and products that are derived from cows’ milk. These products were made to become appealing through countless advertisements, many of which exaggerated their health benefits and tried to bring a shot of sex appeal to their

Draw conclusions - Interpret the data from the graph made in Question 7. What conclusions can you make based on the results of this graph?

This data shows the ages and systolic blood pressures (measured in millimeters of mercury) of 9 randomly selected adults, (38, 116), (41, 120), (45, 123), (48, 135), (51, 142), (53, 145), (57, 148), (61, 150), (65, 152).

First, state whether blood pressure in Table 2A would be a continuous variable or a discrete variable. Explain. Then supposing that the number of women in each of groups (non-users and users) were identified, would the number of women in each category be a continuous variable or a discrete variable? Explain.

The New York Times article, “Why is Turkey Cheaper When Demand is Higher?”, written by Catherine Rampell explains why the price of turkeys decrease during the high demand period of Thanksgiving. Rampell states why the demand of turkeys follows the Law of Demand, but the supply of turkeys follows a reverse definition of the Law of Supply. Rampell also mentions how inelastic supply can affect the price of turkeys.

The article that I did was “Food is Cheap, At Least compared with 4 years ago” by Dan Charles. This article is about how the global food price index is going down, and has fallen to its lowest level in the last four years. It is saying that a lot of different foods are getting cheaper like grains, vegetable oils, sugar, and dairy products. So that means that CPI should decrease now since a family will be spending less money on those products. The only place where the prices are not falling is in the meat industry especially in the beef industry. That is because the supply for beef was decreased after a drought made the suppliers want to decrease the size of the herd. That in turn caused the producers of the beef to have expectations that the future was going to be bleak for them. So they decided to not spend as much in their planned investments. Now because of these past decisions; when the market rebounded it the supply was down. Another plus in the market that is currently happening in the U.S. right now is that the food industry is having harvests of corn and soybean that will break the records in the overall production and yield per acre. This has caused the grain prices to fall by almost half. This makes the producers of pork, poultry, and beef very happy. Their PPI has gone down, so they are getting their things that they need to feed their animals cheaply. Then they are selling their animals at a very high rate, higher than normal

(TCO 3) Before performing linear regression, it is important to ensure that a linear relationship exists between the dependent and independent variables by plotting observed

Summer is approaching and with it is coming a rise in prices. Canadians can expect to pay more for meat, salad ingredients and beer says a TD economist. This is once again in result of falling gasoline prices. The effect of a lower loonie is already making itself felt in the market. Meat was up 12.4 per cent last month, while vegetables rose 8.4 per cent compared to a year earlier. And many economists predict that it will only continue to rise. The drop in the Canadian dollar over the past couple of years is starting to exert a more visible impact on Canadian consumer prices. The dramatic decline in the Canadian dollar over the course of the past two years could increase consumer prices by 0.8 per cent this year. The loonie has sunk 30 per cent since late 2012 as the global price of

In the questions example, Spring had low demand and a higher price of $5.50 per pound and Summer had high demand and a lower price of $4.00 per pound.

When restaurants purchase the whole animal they can significantly cut your food cost. If you only buy certain parts of the animal, like pork chops or steak you will pay a much higher price, than if you were to purchase

In the 1970s, the top four beef packing companies like, Tyson Foods, Cargil Foods, Swift & Company, and The National Beef Packing Company owned about twenty-five percent of the market, but today these four companies own more than eighty percent of the beef packing market. In the 1970s, there were many as thousands of slaughterhouses producing the majority of the beef, but today only thirteen slaughterhouses are left and are responsible for producing the beef consumed by three hundred million Americans. This is dangerous because these people control the market and they can feed us anything they want. The average American today eats around two hundred pounds of meat annually. The documentary also revels that approximately thirty-two thousand hogs are killed per day in Tar Heel, North Carolina.

The documentary “Food Inc.” was documented by the filmmaker Robert Kenner, he discuss the many hidden information (curtain) that our meat producers have against us. Considering all the information that was given in the documentary the subject that stounded out and frustrated me was the section on “The Dollar Menu”. This section covers the top of more calories costing less and less calories costing a lot more. The example given in the film is the cost of a burger from the dollar menu versus the cost of a head of broccoli from the supermarket. A burger that contains an average of 350 calories all for the price of one dollar. This does not compete with the head of a broccoli that only has 50 calories costing a dollar and ninety nine cents. This

And that the majority of meat contributes 40% of it gross. And why it has that much is it is is an issue with Agriculture. The Next problem that the beef products have is that the United States only has 85% in the Industry. The Next problem is how the climate and the weather changes the USA. And it cold affect the weather if it is cold or warm to affect a cow's health.