Table 8 gives the relative frequency distribution for the weekly sales of two businesses. (a) Compute the

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Table 8 gives the relative frequency distribution for the weekly sales of two businesses.
Table 8 Relative Frequency Sales Business A Business B 100 .1 101 .2 .2 102 .3 103 .2 104 105 .2 .2 106 .2 .3

(a) Compute the population mean and the variance for each business.
(b) Which business has the better sales record?
(c) Which business has the more consistent sales record?

Distribution
The 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...
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Finite Mathematics and Its Applications

ISBN: 978-0134768632

12th edition

Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair

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