Determine the range of values in which you would expect to find the average weekly sales for the entire sales force in your company 90% of the time.

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Determine the range of values in which you would expect to find the average weekly sales for the entire sales force in your company 90% of the time.Calculate the impact of increasing the confidence level to 95%?Calculate the impact of increasing the sample size to 150, assuming the same mean and standard deviation, but allowing the confidence level to remain at 90%? AverageWeekly Sales($) 1228 7374 1055 1859 3938 1692 569 4059 3689 607 1370 3735 3305 7228 6279 1671 5708 2569 4163 1519 7734 784 6766 7261 5034 7115 6291 6287 2080 7621 1047 6517 5172 3876 5429 4538 3786 2510 4863 7246 1175 641 4269 7034 3406 2256 3182 5178 4428 1189

Question

Determine the range of values in which you would expect to find the average weekly sales for the entire sales force in your company 90% of the time.

  • Written in: 17-Oct-2019
  • Paper ID: 5907571
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DATE ANSWERED

Oct 17, 2019

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