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You are responsible for evaluating store sales. One of your records indicates that the average weekly sales for that store is $2,500. Historically, we have
You are responsible for evaluating store sales. One of your records indicates that the average weekly sales for that store is $2,500. Historically, we have found that sales are normally distributed with a standard deviation of $50.
What probability distribution do we use?
What is the type of random variable?
What table did you use to solve this probability problem?
What is the value of calculated test statistic "x"?
What is the probability that sales will be between $2,400 and $2,600 per week? (all values $000, use dollar amounts as stated)
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