Statistics Solutions

[Steps Shown] You are employed as an analyst for the online XYG Model Company. Based on the first five months of operations, you have noticed that because of

Question: You are employed as an analyst for the online XYG Model Company. Based on the first five months of operations, you have noticed that because of "out of stock" time that XYG does not appear to be maximizing profits. Therefore, you decide that you must determine what the perpetual inventory should be for XYG Model Company. Based on the ten randomly drawn days of business, the following online sales of individual models occurred:

40 60 30 20 60 40 40 50 30 40

Assuming these data form an excellent random sample, what SHOULD the perpetual inventory be for XYG Model Company at the 95% confidence level? Define perpetual inventory as the maximum number models needed for one day’s sales.

Price: $2.99
Solution: The downloadable solution consists of 2 pages
Deliverable: Word Document


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