Estimate the number of coconuts sold in India.
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Taking in to consideration the assumptions listed i am only considering the consumption at customer level and not at the industrial level,I would like to start my answer by following a bottom up approach.
focussing on a consumption at a district level and then summing up at state level.
Total states in India = 28 + 8 UT
Considering the consumption is higher in southern and coastal states compared to northern states.
So fine tuning the formula , Sothern and coastal states = A.P+T.N+Karnataka+Kerela +Maharahtra+Goa+Gujrat
Rest of the northern states = 21 +8 UT
Assuming each state has on an average 20 districts and each district population is 2lks.
Average family size =4
Higher consumption state calculation
1. Assuming 50% of families buy coconut every day and average count per family is 2.
2.Total no of families in a district buying coconut = 0.5*50,000*2 =50,000
3. Overall state wise consumption = 7*20*50,000 = 70 lks
Rest of the state calculation
1. Assuming 20% of families buy coconut every day and average count per family is 1.
2.Total no of families in a district buying coconut = 0.2*50,000*1 =10,000
3. Overall state wise consumption = 29*20*10,000 = 38 lks
Total consumption in India = 108 lks
I could have done more segregation based on the family income , but just considered the overall percentage of population here.
Would love to get feedback to improve this answer.
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