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Evaluate sizes of tire inventories for retail outlets

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Reference no: EM131718017

Question: Larry Bomser has been asked to evaluate sizes of tire inventories for retail outlets of a major tire manufacturer. From a sample of 120 stores he has found a mean of 310 tires. The industry average is 325. If the standard deviation for the sample was 72, would you say that the inventory level maintained by this manufacturer is significantly different from the industry norm? Explain why. (Use a 95 percent confidence level.)

Reference no: EM131718017

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