A ladies' clothing store chain reports an average sales increase of 7% over last year's sales for

Question:

A ladies' clothing store chain reports an average sales increase of 7% over last year's sales for all stores nationwide, with a standard deviation of 2%. A district store manager pulls the shopping record of the 49 stores in his district and finds that the sales volume for this group of stores was up only 6%. If this district's stores are representative of stores throughout the company nationwide, what is the probability that this district's sales increase would be so low?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics Alive

ISBN: 9781412979504

2nd Edition

Authors: Wendy J. Steinberg

Question Posted: