You are up for a promotion at your work and you know that you needed to get at least 24.6 sales exactly this month to be set for the promotion. The average number of sales in your store was 24 with a standard deviation of 2 and a normal distribution. Based on this distribution what would be the likelihood you will be getting your promotion?Please provide a brief interpretation for the Z-score of the minimum number of sales you would need.

1) Answer:- Given, The average number of sales in your store was (µ) 24 with a standard deviation of…

Answered: You are up for a promotion at your work…

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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You are up for a promotion at your work and you know that you needed to get at least 24.6 sales exactly this month to be set for the promotion. The average number of sales in your store was 24 with a standard deviation of 2 and a normal distribution. Based on this distribution what would be the likelihood you will be getting your promotion?

Please provide a brief interpretation for the Z-score of the minimum number of sales you would need.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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