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For a marketing manager of a company, product sales in a specified market is of importance. Currently, for a brand-named product, the mean monthly sales is $50,000 with a standard deviation of $3500.

Assuming normality of the distribution of monthly sales, for a minimum monthly goal of $42,000, what is the lower capability index? In what proportion of the time will the goal value be met?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92198534

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