Your sales staff consists of 12 employees. Each employee (on average) is equally productive, and each...
Your sales staff consists of 12 employees. Each employee (on average) is equally productive, and each one's monthly sales are normally distributed with a mean of $127,000 and SD $24,000. What is the likelihood that at least two employees will have sales greater than $160,000 in a particular month
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Your sales staff consists of 12 employees. Each employee (on
average) is equally productive, and each...
You wish to extend your study of the monthly sales of this particular type of men’s...
You wish to extend your study of the monthly sales of this particular type of men’s shirt so as to be able to compare the mean sales of the item at two types of store that make up the chain, superstores and regular stores. The population standard deviation of the monthly sales of the shirt at superstores is thought to equal 65 shirts, and the population standard deviation of the monthly sales of the shirt at regular stores is thought...
Use your calculator to determine the probabilities. State what you put in for the lower limit,...
Use your calculator to determine the probabilities. State what you put in for the lower limit, upper limit, mean and standard deviation. 1. Maple tree diameters in a forest area are normally distributed with mean 10 inches and standard deviation 2.5 inches. Find the percentage of trees having a diameter greater than 11 inches 2.White blood cell (WBC) count per cubic millimeter of whole blood follows approximately a Normal distribution with mean 7500 and standard deviation of 1750. What percentage...
5. MNM Corporation gives each of its employees an aptitude test. The scores on the test...
5. MNM Corporation gives each of its employees an aptitude test. The scores on the test are normally distributed with a mean of 75 and a standard deviation of 15. A simple random sample of 25 is taken from a population of 500. a. What are the expected value, the standard deviation, and the shape of the sampling distribution of x? b. What is the probab]lity that the average aptitude test in the sample will be between 70.14 and 82.14?...
Business and Economic Statistics 3. MNM Corporation gives each of its employees an aptitude test. The...
Business and Economic Statistics
3. MNM Corporation gives each of its employees an aptitude test. The scores on the test are normally distributed with a mean of 75 and a standard deviation of 15. A simple random sample of 25 is taken from a population of 500. What are the expected value, the standard deviation, and the shape of the sampling distribution of x? What is the probability that the average aptitude test in the sample will be between 70.14...
LPeint each 1) Over a 6 month period the average stock prices for Nike is $55.62...
LPeint each 1) Over a 6 month period the average stock prices for Nike is $55.62 and Under Amour is $24.86. The standard devistions are $5.10 for Nike apd $3 60 for Under Amour. Over the 6 months period, which stoek exhibits greater variability? (Prove statistically 2) Below are ticket prices for an event. Are the ticket prices normally distributed or skewed (Prove statistically) $4, S18, S11, $7, $7, $10, $5, $33, $9, $12, $3, $11, S10, S6, S16, S37,...
QUESTION 17 Your instructor (Katie) believes that the average time of taking this exam is equal...
QUESTION 17 Your instructor (Katie) believes that the average time of taking this exam is equal to 140 minutes. A sample of 4 students was taken and the following exam times were obtained. Assume the distribution of the population is normally distributed Sample: 150, 150, 180, 170 (Sample Std. Dev = 15) At a 0.1 level of significance, it can be concluded that the mean of the population is: a significantly less than 140 Ob not significantly different than 140...
the mean number of sick days an employee takes per year is believed to be about...
the mean number of sick days an employee takes per year is believed to be about 10. Members of a personnel department do not believe this figure. They randomly survey B employees. The number of sick days that the mean number is about 107 Conduct a hypothesis test at the 5% level. they took for the past year are as follows: 12; 6; 14 5 11; 6;10. Lt X the number of sick days they took for the past year....
Question 12 pts The length of time a person takes to decide which shoes to purchase...
Question 12 pts The length of time a person takes to decide which shoes to purchase is normally distributed with a mean of 8.21 minutes and a standard deviation of 1.90. Find the probability that a randomly selected individual will take less than 6 minutes to select a shoe purchase. Is this outcome unusual? Group of answer choices Probability is 0.88, which is usual as it is greater than 5% Probability is 0.12, which is usual as it is not...
NUMBER OF EMPLOYEES 2013-PRODUCTION 1,000s MONTH January 90 May June September 130 130 100 Octobe...
Please show how to do a pure chase strategy given this info
NUMBER OF EMPLOYEES 2013-PRODUCTION 1,000s MONTH January 90 May June September 130 130 100 October 107 December space was available at the plant, therefore, additional space would have to be rented. In addition, the cost of capital is high because of the company's low credit rating. Taking all of these factors into account, Joan estimated the cost of storing 1,000 pounds of product for one month to be...
could you solve these 4 questions. Thank you Marks for this submission: 1.00/1.00 The national average...
could you solve these 4
questions. Thank you
Marks for this submission: 1.00/1.00 The national average SAT score (for Verbal and Math) is 1028 with a standard deviation of 92. What is the probability that a randomly selected score exceeds 1200? ete o 1.00 Select one: estion a. 0.41 b. 0.88 c. 0.59 d. 0.12 e. Cannot be determined Check In the university library elevator there is a sign indicating a 16-person limit as well as a weight limit of...
5. MNM Corporation gives each of its employees an aptitude test. The scores on the test are normally distributed with a mean of 75 and a standard deviation of 15. A simple random sample of 25 is taken from a population of 500. a. What are the expected value, the standard deviation, and the shape of the sampling distribution of x? b. What is the probab]lity that the average aptitude test in the sample will be between 70.14 and 82.14?...
Business and Economic Statistics
3. MNM Corporation gives each of its employees an aptitude test. The scores on the test are normally distributed with a mean of 75 and a standard deviation of 15. A simple random sample of 25 is taken from a population of 500. What are the expected value, the standard deviation, and the shape of the sampling distribution of x? What is the probability that the average aptitude test in the sample will be between 70.14...
LPeint each 1) Over a 6 month period the average stock prices for Nike is $55.62 and Under Amour is $24.86. The standard devistions are $5.10 for Nike apd $3 60 for Under Amour. Over the 6 months period, which stoek exhibits greater variability? (Prove statistically 2) Below are ticket prices for an event. Are the ticket prices normally distributed or skewed (Prove statistically) $4, S18, S11, $7, $7, $10, $5, $33, $9, $12, $3, $11, S10, S6, S16, S37,...
QUESTION 17 Your instructor (Katie) believes that the average time of taking this exam is equal to 140 minutes. A sample of 4 students was taken and the following exam times were obtained. Assume the distribution of the population is normally distributed Sample: 150, 150, 180, 170 (Sample Std. Dev = 15) At a 0.1 level of significance, it can be concluded that the mean of the population is: a significantly less than 140 Ob not significantly different than 140...
the mean number of sick days an employee takes per year is believed to be about 10. Members of a personnel department do not believe this figure. They randomly survey B employees. The number of sick days that the mean number is about 107 Conduct a hypothesis test at the 5% level. they took for the past year are as follows: 12; 6; 14 5 11; 6;10. Lt X the number of sick days they took for the past year....
Please show how to do a pure chase strategy given this info
NUMBER OF EMPLOYEES 2013-PRODUCTION 1,000s MONTH January 90 May June September 130 130 100 October 107 December space was available at the plant, therefore, additional space would have to be rented. In addition, the cost of capital is high because of the company's low credit rating. Taking all of these factors into account, Joan estimated the cost of storing 1,000 pounds of product for one month to be...
could you solve these 4
questions. Thank you
Marks for this submission: 1.00/1.00 The national average SAT score (for Verbal and Math) is 1028 with a standard deviation of 92. What is the probability that a randomly selected score exceeds 1200? ete o 1.00 Select one: estion a. 0.41 b. 0.88 c. 0.59 d. 0.12 e. Cannot be determined Check In the university library elevator there is a sign indicating a 16-person limit as well as a weight limit of...
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