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The following data represent the 2019 monthly sales in units for the Pacific Region Sales Team of QualCase, Inc. Month Units sold (x i )

The following data represent the 2019 monthly sales in units for the Pacific Region Sales Team of QualCase, Inc.

Month

Units sold (xi)

(x x-bar)

Squared values

Divide total by n-1

SQRT

Jan

73

|

|

Feb

79

|

|

Mar

76

|

|

Apr

79

|

|

May

80

|

|

Jun

78

|

|

Jul

77

|

|

Aug

78

|

|

Sep

75

|

|

Oct

72

|

|

Nov

75

|

|

Dec

82

V

V

TOTAL =>

TOTAL =>

n =

x-bar =

PROBLEM #1: Use the table above and the procedures learned in class to calculate the standard deviation (notated as s) of average monthly sales. What is the standard deviation of average monthly sales?

PROBLEM #2: Apply the results of your answer to Problem #1 and use the table below and the procedures learned in class to calculate the 95% confidence interval for average monthly sales in units. What is the 95% confidence interval (CI) for average monthly sales?

SE of mean

z-value

1.96

Plus/minus value

Upper CI value

Lower CI value

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