Tic Tac Statistics Pack Weight – 16 Grams No. of Sweets in a pack – 33 Price of Tic Tac’s – 37p Kcal/100g – 386 Tic Tac’s

Polo Fruits Polo Fruits Statistics Pack Weight – 42 Grams No. of Sweets in a pack – 18 Price of Polo Fruits – 29p Kcal/100g – 345

The ‘Small Sweets’ Project The final part of our market research is to look at how people may look at ‘value for money’ when choosing sweets. How can we compare the ‘value for money’ of different sweets? Are Tic Tacs better value than Polo mints?

How many sweets we get for our money. Tic Tacs 33 sweets for 37p We get 33 = 0.89 sweets per penny. 37 Polos 18 sweets for 29p We get 18 = 0.62 sweets per penny 29 Which is best value?

The weight of sweets we get for our money. 16g of Tic Tacs costs 37p 1g = 37 = 2.31 p 16 42g of Polos cost 29p 1g = 29 = 0.69 p 42 Which is best value?

Best Value How many sweets we get for our money. Tic Tacs 33 sweets for 37p We get 33 =0.89 per penny. 37 Polos 18 sweets for 29p We get 18 =0.62 per penny 29 The weight of sweets we get for our money. 16g of Tic Tacs costs 37p 1g = 37 = 2.31 p 16 42g of Polos cost 29p 1g = 29 = 0.69 p 42 WHICH IS THE BEST VALUE ? These are quite complicated calculations. The company may need to know both sets of figures. Sometimes prices and weights may change. What type of computer program is used when we need to complete tables of calculations?

Creating the spreadsheet Load the file Value for money table 1.Enter the formulae to calculate the ‘value for money’ figures. 2.Enter some trial values for your new sweets (number of sweets, weight of pack, price), you do not want to be too expensive! 3.Complete the box on the right to show your understanding. 4.You may draw some graphs to show the value for money figures more clearly.

Advantages of Spreadsheets What are the advantages of having the figures calculated on a spreadsheet? Our Market research is finished, next week we will create a report and suggest what our new sweets should be like. Discuss your ideas!