According to the Canadian Newspaper Association, the average daily circulation of The Globe and Mail based on
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According to the Canadian Newspaper Association, the average daily circulation of The Globe and Mail based on recent figures is 302,190. Suppose the standard deviation is 7,308. Assume the paper’s daily circulation is normally distributed. On what percentage of days would it surpass a circulation of 315,000? Suppose the paper cannot support the fixed expenses of a full-production setup if the circulation drops below 286,000. If the probability of this event occurring is low, the production manager might try to keep the full crew in place and not disrupt operations. How often will this event happen, based on the historical information?
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Business Statistics For Contemporary Decision Making
ISBN: 9781119577621
3rd Canadian Edition
Authors: Ken Black, Ignacio Castillo
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