Success or failure to meet goal

Assignment Help Basic Statistics

Reference no: EM1323073

Q1) Major food Products Company utilizes sales representatives to work with wholesalers and supermarket chains. Representatives' chief tasks are to sell new products, secure sufficient display in stores, and coordinate promotions. Each representative is only responsible for district. Yearly volume of sales in district is main measure of representative's effectiveness.

Below are some descriptive statistics relating to sales from last year (in thousands of dollars).

N	Mean	Median	Std Dev	Min	Max	Q1	Q3
118	4336.2	4334	401.4	3058	5301	4154.2	4551.8

i) Company attempted to set up districts to have equal sales volume potential.

ii) Comment on their success or failure to meet this goal.

iii) Junior manager examined last year's sales volume data and noticed that half sales

iv) Representatives were performing below average. Manager felt that this fact pointed out deficiencies in company's training or in representatives' motivation. Is manager's reasoning valid?

Q2) Grade point average of students at BLK is 2.80 with standard deviation of 0.84.

Grade point average of students at Penn is 2.4 with standard deviation of 0.84. Which university illustrates a more relative dispersed grade distribution? And describe why.

Reference no: EM1323073

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