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You are sales manager for a regional division of a beverage company. The sales goals for your representatives have an average of $768,000.
You have just learned that your suppliers are raising prices by 4% across the board. Now what are the average and standard deviation of your costs?
How would you go about creating a data collection plan as part of a program's needs assessment and planning?
After you went ahead with the product introduction you were considering, it turned out to have first-year sales of 38 (thousand).
How many corporations are within one standard deviation from the average? How does this compare to what you expect for a normal distribution?
Compare population variability of these two groups of cities. In particular, which group shows more variability in congestion from city to city?
Summarize the variability in admission prices for the theme parks shown in Table by reporting the standard deviation, the range, and the coefficient.
Find the standard deviation of these interest rates. What does this standard deviation tell you about banks in this area?
What does the standard deviation tell you about hotel prices in major cities in the United States?
Let us compare the distribution of the number of lifetime gifts of those who made a current donation to that of those who did not.
You have been trying to control the weight of a chocolate and peanut butter candy bar by intervening in the production process.
We have all been stopped by traffic at times and have had to sit there while freeway traffic has slowed to a crawl.
Interpret the standard deviation in a paragraph discussing the variation from one store to another.
Compute the standard deviation, viewing these airfares as a sample of fares that might be obtained under similar circumstances.
Suppose the firm actually produces 200,000 cartridges. How many standard deviations above or below the average is this figure?
Draw a histogram for this data set. Indicate the average and standard deviation on this graph.
Your firm’s total advertising budget has been set for the year. You (as marketing manager) expect to spend about $1,500,000 on TV commercials.
Find the usual summary measure that tells approximately how far from average these weights are.
Find and interpret the coefficient of variation of productivity. Find and interpret the range of productivity.
How many standard deviations above the mean is the data value with the largest positive deviation?
Various types of retail outlets sell toys during the holiday season. Among them are specialty toy stores, large discount toy stores, and other retailers
What proportion of US consumption is spent on motor vehicles? X proportion of that is spent on vehicles made in the US -- what is X?
One of the new thrusts of quality control management is to examine the process by which a product is produced. This approach also applies to paperwork.
For the two large newspapers in your city, you are interested in knowing whether there is a significant difference in the average number of pages
A study by Colliers International presented the highest and the lowest global rental rates per year per square foot of office space