Solved

Sales of a New Line of Athletic Footwear Are Crucial

Question 56

Multiple Choice

Sales of a new line of athletic footwear are crucial to the success of a company. The company wishes to estimate the average weekly sales of the new footwear to within $300 with 90% reliability. The initial sales indicate that the standard deviation of the weekly sales figures is approximately $1100. How many weeks of data must be sampled for the company to get the information it desires?


A) 7 weeks
B) 37 weeks
C) 23 weeks
D) 10,915 weeks

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions