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
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.
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