The reason for the phenomenon in the question above is that means are

.pdf
This is a preview
Want to read all 1 page? Go Premium today.
View Full Document
Already Premium? Sign in here
The reason for the phenomenon in the question above is that means are individual observations. Section B The amount of sales produced by the brewery's marketing campaign is deemed successful if an unusually high volume of sales is observed throughout the 30 days after the campaign's release. Typically, the volume of sales follows a Normal distribution with a mean of $1500 and a standard deviation of $164. Do not use the Empirical Rule to answer any of the following questions. Question 12 2 pts SLO1 Is it more likely that the sales on a single randomly selected day within the 30 -day observational period will be above $1982, or that the average sales over 12 randomly selected days within the 30 day observational period will be above $1982 ? The average over 12 days A single day The reason for the phenomenon in the question above is that means [Select] more consisten than individual observations. equally as consistent as less consistent than
Page1of 1
Uploaded by MasterFreedomRam38 on coursehero.com