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The net sales and the number of employees for aluminum fabricators with similar
Chapter 0, Problem 45(choose chapter or problem)
The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed. For the net sales, the mean is $180 million and the standard deviation is $25 million. For the number of employees, the mean is 1,500 and the standard deviation is 120. Clarion Fabricators had sales of $170 million and 1,850 employees.
a. Convert Clarions sales and number of employees to z values.
b. Locate the two z values.
c. Compare Clarions sales and number of employees with those of the other fabricators
Questions & Answers
QUESTION:
The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed. For the net sales, the mean is $180 million and the standard deviation is $25 million. For the number of employees, the mean is 1,500 and the standard deviation is 120. Clarion Fabricators had sales of $170 million and 1,850 employees.
a. Convert Clarions sales and number of employees to z values.
b. Locate the two z values.
c. Compare Clarions sales and number of employees with those of the other fabricators
ANSWER:Step 1 of 5
The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed.
Let be the net sales and be the number of employees.