A small hair salon in Denver, Colorado, averages about 30 customers on weekdays with a standard deviation
Question:
In an attempt to increase the number of weekday customers, the manager offers a $2 discount on=consecutive weekdays.
She reports that her strategy has worked since the sample mean of customers during this=weekday period jumps to 35.
a. How unusual would it be to get a sample average of 35 or more customers if the manager had not offered the discount?
b. Do you feel confident that the manager's discount strategy has worked? Explain.
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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Related Book For
Essentials Of Business Statistics Communicating With Numbers
ISBN: 9780078020544
1st Edition
Authors: Sanjiv Jaggia, Alison Kelly
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