Q1) Major food Products Company utilizes sales representatives to work with wholesalers and supermarket chains. Representatives' chief tasks are to sell new products, secure sufficient display in stores, and coordinate promotions. Each representative is only responsible for district. Yearly volume of sales in district is main measure of representative's effectiveness.
Below are some descriptive statistics relating to sales from last year (in thousands of dollars).
|
N
|
Mean
|
Median
|
Std Dev
|
Min
|
Max
|
Q1
|
Q3
|
|
118
|
4336.2
|
4334
|
401.4
|
3058
|
5301
|
4154.2
|
4551.8
|
i) Company attempted to set up districts to have equal sales volume potential.
ii) Comment on their success or failure to meet this goal.
iii) Junior manager examined last year's sales volume data and noticed that half sales
iv) Representatives were performing below average. Manager felt that this fact pointed out deficiencies in company's training or in representatives' motivation. Is manager's reasoning valid?
Q2) Grade point average of students at BLK is 2.80 with standard deviation of 0.84.
Grade point average of students at Penn is 2.4 with standard deviation of 0.84. Which university illustrates a more relative dispersed grade distribution? And describe why.