For the bookstore sales data in Exercise 1, the correlation of number of sales people and sales
Question:
a) If the number of people working is 2 standard deviations above the mean, how many standard deviations above or below the mean do you expect sales to be?
b) What value of sales does that correspond to?
c) If the number of people working is 1 standard deviation below the mean, how many standard deviations above or below the mean do you expect sales to be?
d) What value of sales does that correspond to?
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Related Book For
Business Statistics
ISBN: 9780321925831
3rd Edition
Authors: Norean Sharpe, Richard Veaux, Paul Velleman
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