What is the lower capability index

Assignment Help Basic Statistics

Reference no: EM131388713

For a marketing manager of a company, product sales in a specified market is of importance. Currently, for a brand-named product, the mean monthly sales is $50,000 with a standard deviation of $3500.

Assuming normality of the distribution of monthly sales, for a minimum monthly goal of $42,000, what is the lower capability index? In what proportion of the time will the goal value be met?

Reference no: EM131388713

Questions Cloud

Create a use case diagram for the system : Identify possible actors and use cases involved in Personal Trainer operations.

Analyze the logic that supported the courts decision : Analyze the logic that supported the courts decision. Explain the applicable law(s). The law should come from the same chapter as the case. Be sure to use citations from the textbook including page numbers.

In what proportion of the time will the goal value be met : Assuming normality of the distribution of monthly sales, for a minimum monthly goal of $42,000, what is the lower capability index? In what proportion of the time will the goal value be met?

Addressing the issue faced by jkl industries : ASSIGNENT - WORKPLACE COMMUNICATION SYSTEMS. JKL's Cultural Diversity and Ethical Value Report. JKL's Industry Policy towards the Employee and Addressing the Issue faced by JKL Industries identified

What is the lower capability index : Assuming normality of the distribution of monthly sales, for a minimum monthly goal of $42,000, what is the lower capability index? In what proportion of the time will the goal value be met?

Discuss about the impact of ageism and adultism : Adultism refers to the oppression of young people by adults. The popular saying "children should be seen and not heard" is used as a way to remind a child of his or her place and reaffirm the adult's power in the relationship. The saying suggests ..

Why would this be important to negotiations : HA6510- How does understanding the communications context of countries impact our business relationships and meetings? Why would this be important to negotiations and other business transactions?

What is the tolerance of the gap : Assuming normality, if specifications for the gap are 0.9± 0.201 cm, what proportion of the assemblies will not meet specifications? How could the proportion of nonconforming assemblies be reduced?

Find the sum of the angles in the spherical triangle : Angles in a spherical triangle. Find the sum of the angles in the spherical triangle shown in Fig. 1.5, assuming A is at the pole and a = radius of sphere. In order to find the angle at A, consider what would be the value of a in order for the ang..

User Account

All Pages