Answered step by step
Verified Expert Solution
Link Copied!

Question

00
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

  1. If all the data in a given sample are the same, what is the standard deviation of the sample? Justify your answer.
  2. 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

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Managerial Accounting

Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer

12th Edition

978-0073526706, 9780073526706

Students also viewed these Mathematics questions

Question

Explain the importance of Human Resource Management

Answered: 1 week ago