The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into

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 Clarion’s sales and number of employees to z values.
b. Locate the two z values.
c. Compare Clarion’s sales and number of employees with those of the other fabricators.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistical Techniques In Business And Economics

ISBN: 356

16th Edition

Authors: Douglas Lind, William Marchal

Question Posted: