In order to control costs, a company wishes to study the amount of money its sales force spends entertaining clients. The following is a random sample of six entertainment expenses (dinner costs for four people) from expense reports submitted by members of the sales force. $ 315 $ 374 $ 359 $ 311 $ 376 $ 371 (a) Calculate I, s, and s for the expense data. (Round "Mean" and "Variances" to 2 decimal places and "Standard Deviation" to 3 decimal places.) x-bar S^2 S (b) Assuming that the distribution of entertainment expenses is approximately normally distributed, calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all entertainment expenses by the sales force. (Round intermediate calculations and final answers to 2 decimals.) [x-bar i s] [x-bar 2 2s) (x-bar 2 3s)

In order to control costs, a company wishes to study the amount of money its sales force spends entertaining clients. The following is a random sample of six entertainment expenses (dinner costs for four people) from expense reports submitted by members of the sales force. $ 315 $ 374 $ 359 $ 311 $ 376 $ 371 (a) Calculate I, s, and s for the expense data. (Round "Mean" and "Variances" to 2 decimal places and "Standard Deviation" to 3 decimal places.) x-bar S^2 S (b) Assuming that the distribution of entertainment expenses is approximately normally distributed, calculate estimates of tolerance intervals containing 68.26 percent, 95.44 percent, and 99.73 percent of all entertainment expenses by the sales force. (Round intermediate calculations and final answers to 2 decimals.) [x-bar i s] [x-bar 2 2s) (x-bar 2 3s)

Name: (c) If a member of the sales force submits an entertainment expense (
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Description: (c) If a member of the sales force submits an entertainment expense (dinner cost for four) of $390, should this expense be consideredunusually high (and possibly worthy of investigation by the company)? Explain your answer.O NoYes(d) Compute and int

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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