The owner at Kims Home Interiors is reviewing the sales records of two managers who are up
Question:
The owner at Kim’s Home Interiors is reviewing the sales records of two managers who are up for promotion, Katie and Stella, who work in different stores. At Katie’s store, the mean sales have been $23,200 per month, with a standard deviation of $2170. At Stella’s store, the mean sales have been $25,600 per month, with a standard deviation of $2300. Last month, Katie’s store sales were $28,408 and Stella’s store sales were $29,510. At both stores, the distribution of monthly sales is normal.
(a) Convert last month’s sales for Katie’s store and for Stella’s store to z-scores. Katie:
(b) If one of the two were to be promoted based solely on the sales last month, who should be promoted? Explain.
DistributionThe word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
Step by Step Answer:
A Survey of Mathematics with Applications
ISBN: 978-0134112107
10th edition
Authors: Allen R. Angel, Christine D. Abbott, Dennis Runde