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Company XYZ is a medical device company that operates in two geographic markets in the United...

Company XYZ is a medical device company that operates in two geographic markets in the United States: East and West. Over the last ten years the East market has had a normally distributed mean annual sales of $4,350,200 with a standard deviation of $635,000. The West market's, also normally distributed, mean annual sales over the same period was $6,245,700 with a standard deviation of $856,300. The two markets have a correlation coefficient of 0.3. For the West market, which interval has a roughly 68.2% likelihood of reflecting the true mean for any given year?

A None of the above

B $5,389,400; $7,102,000

C $3,715,200; $4,985,200

D $5,102,300; $8,056,000

E $3,916,300; $4,760,400

math   Statistics-And-Probability   
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Answer #1

Ans:- for west we have gvess maket n=1o, 89mple meen (tJ- 645700 856300 . 89mple standad dev (6)2 since is m< 30 qud unlenun

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