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Mathematics 15 Online
OpenStudy (anonymous):

The monthly sales of two locations of The Closet, a clothing store, are each normally distributed. The mean and standard deviation for the Keller location is $7,100 and $300, respectively. The mean and standard deviation for the Westbrook location is $8,000 and $300, respectively. Each are shown below.

OpenStudy (anonymous):

OpenStudy (anonymous):

If a regional manager wants to set a standard monthly sales goal so that 99.9% of both stores' monthly sales meet the goal, how much should the goal be?

OpenStudy (dan815):

i dont understand question lol

OpenStudy (dan815):

oh i see just need to see how much money u get from both of the graphs for 99%

OpenStudy (anonymous):

these are the choices A $8,300 B. $7,400 C. $6,800 D. It is not possible to answer the question because it is not appropriate to use a normal distribution when there are two separate peaks.

OpenStudy (dan815):

im thinking d

OpenStudy (dan815):

cuz if u set the lowest ammnt 6800, thats not even 99% of the first store and its like more than 99 percent of the 2nd store

OpenStudy (dan815):

and u need 99% of both stores so 6800 doesnt work

OpenStudy (dan815):

it is D 100% sure now

OpenStudy (dan815):

basically by that reasoning you cannot select a monthly sales price for 1 store and expect that to equal to the 99% sale price for the 2nd store unless both of their graphs are inequal but in these case the 2 peaks are different ergo not equal so not possible to select 1 price that wud at the same time give you 99% sales for both

OpenStudy (dan815):

do u want a more visual answer?

OpenStudy (dan815):

|dw:1367361892061:dw|

OpenStudy (dan815):

|dw:1367361990943:dw|

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