business statistics
posted by Tshara .
Describe a business situation, other than what has already been selected by fellow students or selected from the team assignment, where mean and standard deviation can be used in decision making. Describe how calculation of mean and standard deviation can help in making a decision.
Respond to this Question
Similar Questions

statistics
7. A sample of 40 observations is selected from one population. The sample mean is 102 and the sample standard deviation is 5. A sample of 50 observations is selected from a second population. The sample mean is 99 and the sample standard … 
Statistics
8. A sample of 65 observations is selected from one population. The sample mean is 2.67 and the sample standard deviation is .75. A sample of 50 observations is selected from a second population. The sample mean is 2.59 and the sample … 
statistics
Describe the major difference between a population of scores with a mean=50, standard deviation=6, and a sample means of n=36 selected from a mean=50, standard deviation=6. 
statistics
1. On final examination in Business Law, the mean was 68 and the standard deviation was 12. Determine the standard scores of students receiving marks of 50? 
math
Describe the distribution of sample means (shape, expected value, and standard error) for samples of n 36 selected from a population with a mean of μ 100 and a standard deviation of 12. 
stats please help ASAP!!!
A. The GPAs of all 5540 students enrolled at a University have an approximately normal distribution with a mean of 3.02 and a standard deviation of 0.29. Let x be the mean GPA of a random sample of 48 students selected from this University. … 
QNT/351
Describe a business situation, other than what has already been selected by fellow students or selected from the team assignment, where mean and standard deviation can be used in decision making. Describe how calculation of mean and … 
Statistics
There are 300 students enrolled in Business Statics . Historically,exam scores are normally distributedwith a standard deviation of 30.9. Your instructor randomly selected a sample of 30 examinations and finds a mean of 74.2. Determine … 
Business Statistics
There are 300 students enrolled in Business Statistic. Historically, exam scores are normally distributed with a standard deviation of 30.9. Your instructor randomly selected a sample of 30 examinations and finds a mean of 74.2. Determine … 
Statistics
A college statistics class conducted a survey of how students spend their money. They asked 25 students to estimate how much money they typically spend each week on fast food. They determined that the mean amount spent on fast food …