Question
A company is evaluating its monthly sales data, which they have collected over the last 5 years, shown below. Using this data - If you
A company is evaluating its monthly sales data, which they have collected over the last 5 years, shown below. Using this data - If you view the company's performance record as a representative sample of its overall sales performance, and considering what you know about normal distribution, what is the dollar value for the lowest 25th percentile?
| Monthly Sales |
| 6267.19 |
| 7058.06 |
| 7119.5 |
| 7147.18 |
| 7198.52 |
| 7298.09 |
| 7325.7 |
| 7335.68 |
| 7355.97 |
| 7481.05 |
| 7490.23 |
| 7530.08 |
| 7616.09 |
| 7682.69 |
| 7684.14 |
| 7704.12 |
| 7704.98 |
| 7779.28 |
| 7798.23 |
| 7815.15 |
| 7844.16 |
| 7890.21 |
| 7977.6 |
| 7993.16 |
| 8021.03 |
| 8028.37 |
| 8068.86 |
| 8082.42 |
| 8096.17 |
| 8119.25 |
| 8129.21 |
| 8190.68 |
| 8255.28 |
| 8282.44 |
| 8376.31 |
| 8392.4 |
| 8400.95 |
| 8451.16 |
| 8456.66 |
| 8505.35 |
| 8539.25 |
| 8543.65 |
| 8573.05 |
| 8641.78 |
| 8667.48 |
| 8751.08 |
| 8777.97 |
| 8800.08 |
| 8888.65 |
| 8907.03 |
| 9096.87 |
| 9241.74 |
| 9411.68 |
| 9450.73 |
| 9484.62 |
| 9514.57 |
| 9521.4 |
| 9524.91 |
| 9733.44 |
| 10123.24 |
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
