Maximize profit in a grocery store
Leading for this system*
* Your last experiment counts the most. Try to place it where you think the optimum is. You are also penalized for running unstructured experiments.
The aim is to maximize the profit in a grocery store. There are two factors you can change:
- P = selling price of the product, measured in dollars
- H = height of the product on the shelf [centimeters above the ground]
The product is aimed at men. Typical values are: P = $2.00 and H = 200cm, and if you are logged in, then the first experiment at these conditions has been run for you.
The profit value is reported in $ per hour.
See "Experimentation for Improvement" Coursera course videos (see module 5), but note that the model here is not identical to the one in the videos.
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