Question: PROBLEM # 3 : Quik Change, Inc. issues an Annual Consistency Bonus to its marketing team for keeping the average monthly customers each year above

PROBLEM #

3

: Quik Change, Inc. issues an Annual Consistency Bonus to its marketing team for keeping the average monthly customers each year above

3, 450

customers

(115

customers a day

)

with a confidence level of

95 % .

Based on your answers to the first two problems, DOES THE Quik Change marketing team EARN the Annual Consistency BONUS? BE SURE TO USE THE INPUTS IN THE QUESTIONS AND THE RESULTS OF YOUR CALCULATIONS TO CLEARLY EXPLAIN WHY OR WHY NOT.

PROBLEM #3: Quik Change, Inc. issues an Annual Consistency Bonus to

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