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Varatta Enterprises sells industrial plumbing valves. The following table lists the annual sales amounts for every salesperson in the organization for the most recent fiscal year. Salesperson Sales Amount ($1000) Salesperson Sales Amount ($1000) Joseph Jennifer Phillip Stanley Luke Lexie Margaret mean variance standard deviation $115851 146 13421.46 233 546 329 294 195 367 Wel x x Samantha Erin Dominic Charlie Amol Lenisa 466 411 299 322 191 (a) Compute the mean (in $), variance, and standard deviation (in $) for these annual sales values. (Round your answers to the nearest whole number.) $ 316071 212 414 (b) In the previous fiscal year, the average annual sales amount was $300,000 with a standard deviation of $95,000. Discuss any differences you observe between the annual sales amount in the most recent and previous fiscal years. The mean sales amount has increased ✔from the previous to most recent fiscal year. The amount of change is tiny there is a strong likelihood that there is a smaller demand for these products in the most recent year x ✔ compared to the standard deviation in either fiscal year. Therefore,

Varatta Enterprises sells industrial plumbing valves. The following table lists the annual sales amounts for every salesperson in the organization for the most recent fiscal year. Salesperson Sales Amount ($1000) Salesperson Sales Amount ($1000) Joseph Jennifer Phillip Stanley Luke Lexie Margaret mean variance standard deviation $115851 146 13421.46 233 546 329 294 195 367 Wel x x Samantha Erin Dominic Charlie Amol Lenisa 466 411 299 322 191 (a) Compute the mean (in $), variance, and standard deviation (in $) for these annual sales values. (Round your answers to the nearest whole number.) $ 316071 212 414 (b) In the previous fiscal year, the average annual sales amount was $300,000 with a standard deviation of $95,000. Discuss any differences you observe between the annual sales amount in the most recent and previous fiscal years. The mean sales amount has increased ✔from the previous to most recent fiscal year. The amount of change is tiny there is a strong likelihood that there is a smaller demand for these products in the most recent year x ✔ compared to the standard deviation in either fiscal year. Therefore,

A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Varatta Enterprises sells industrial plumbing valves. The following table lists the annual sales amounts for every salesperson in the organization for the most recent fiscal year. Salesperson Sales Amount ($1000) Salesperson Sales Amount ($1000) Joseph mean Jennifer Phillip Stanley Luke Lexie Margaret variance standard deviation 13421.46 146 $115851 233 546 329 294 195 367 Wei X X Samantha Erin Dominic Charlie Amol Lenisa 466 411 299 (a) Compute the mean (in $), variance, and standard deviation (in $) for these annual sales values. (Round your answers to the nearest whole number.) $ 316071 322 191 212 414 (b) In the previous fiscal year, the average annual sales amount was $300,000 with a standard deviation of $95,000. Discuss any differences you observe between the annual sales amount in the most recent and previous fiscal years. The mean sales amount has increased ✔from the previous to most recent fiscal year. The amount of change is tiny there is a strong likelihood that there is a smaller demand for these products in the most recent year. X compared to the standard deviation in either fiscal year. Therefore,
Transcribed Image Text:Varatta Enterprises sells industrial plumbing valves. The following table lists the annual sales amounts for every salesperson in the organization for the most recent fiscal year. Salesperson Sales Amount ($1000) Salesperson Sales Amount ($1000) Joseph mean Jennifer Phillip Stanley Luke Lexie Margaret variance standard deviation 13421.46 146 $115851 233 546 329 294 195 367 Wei X X Samantha Erin Dominic Charlie Amol Lenisa 466 411 299 (a) Compute the mean (in $), variance, and standard deviation (in $) for these annual sales values. (Round your answers to the nearest whole number.) $ 316071 322 191 212 414 (b) In the previous fiscal year, the average annual sales amount was $300,000 with a standard deviation of $95,000. Discuss any differences you observe between the annual sales amount in the most recent and previous fiscal years. The mean sales amount has increased ✔from the previous to most recent fiscal year. The amount of change is tiny there is a strong likelihood that there is a smaller demand for these products in the most recent year. X compared to the standard deviation in either fiscal year. Therefore,
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