Answered step by step
Verified Expert Solution
Question
1 Approved Answer
1. A marketing manager plans to market and sell a certain product to improve companies profit. Which of the following can be a better choice
1. A marketing manager plans to market and sell a certain product to improve
companies profit. Which of the following can be a better choice for the manager?
Justify your answer.
Product A: Product A with Mean profit of Php 100,000; standard deviation of Php 2,000
Product B: Product B with Mean Profit of Php 100,000; the standard deviation of Php 2,500.
2. Reflect
- If all the data in a given sample are the same, what is the standard deviation of the sample? Justify your answer.
- If the given two sample data sets have the same standard deviation, are these samples necessarily identical? Justify your answer
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started