A company is launching two new products (A and B) and conducting a few days of promotion
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A company is launching two new products (A and B)
and conducting a few days of promotion for these products.
On the last day of promotion, product A sold a total of 110 units while product B sold a total of 156 units. Throughout the days when the products were being promoted, product A had a daily average sale of 100 units with a standard deviation of 40 units, and product B had a daily average sale of 120 units with a standard deviation of 80 units. Which product shows a better daily sale on the last day of promotion compared to the other days of promotion?
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Related Book For
Business Statistics
ISBN: 9781292269313
4th Global Edition
Authors: Norean Sharpe, Richard De Veaux, Paul Velleman
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