Geoff Brown is the manager for a small telemarketing firm and is evaluating the sales rate of

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Geoff Brown is the manager for a small telemarketing firm and is evaluating the sales rate of experienced workers in order to set minimum standards for new hires. During the past few weeks, he has recorded the number of successful calls per hour for the staff. These data appear next along with some summary statistics he worked out with a statistical software package. Geoff has been a student at the local community college and has heard of many different kinds of probability distributions (binomial, normal, hyper geometric, Poisson, etc.). Could you give Geoff some advice on which distribution to use to fit these data as well as possible and how to decide when a probationary employee should be accepted as having reached full production status? This is important because it means a pay raise for the employee, and there have been some probationary employees in the past who have quit because of discouragement that they would never meet the standard.

Successful sales calls per hour during the week of August 14:


Geoff Brown is the manager for a small telemarketing firm


Descriptive statistics:

Geoff Brown is the manager for a small telemarketing firm


Which distribution do you think Geoff should use for hisanalysis?

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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Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

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