October 8, 2015

Homework Help: Statistics

Posted by Lucinda on Monday, March 11, 2013 at 3:26am.

I am struggling with how to answer this. It seems not enough information is given so it is really hard to agree or to disagree. (this is uni statistics)
Assume you are the Store Manager for Coles in Wagga at the beginning of December 2012. An accountant
in head offce has compared the monthly sales figures of 2012 with the average monthly sales figure of 2011.
Out of the 11 months in 2012 so far, only 5 have been above the 2011 monthly average. The accountant
has therefore recommended that the number of casual staff should be reduced for December in your store,
in order to make the net profit for 2012 be similar to 2011.
The Finance Manager has asked you to respond to the accountant's recommendation. Do you agree or

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