The sales data for January and February of a frozen yogurt shop are approximately normal. The mean
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Question:
The sales data for January and February of a frozen yogurt shop are approximately normal. The mean daily sales for January was $300 with a standard deviation of $20. On the 15th of January, the shop sold $310 of yogurt.
The mean daily sales for February was $320 with a standard deviation of $50. On the 15th of February, the shop sold $340 of yogurt.
Which month had a higher z-score for sales on the 15th, and what is the value of that z-score?
a.) January, with a z-score of 0.5.
b.) February, with a z-score of 1.
c.) February, with a z-score of 0.4.
d.) January, with a z-score of 0.2.
Related Book For
Fundamental Accounting Principles Volume II
ISBN: 978-1260305838
16th Canadian edition
Authors: Kermit Larson, Tilly Jensen, Heidi Dieckmann
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