Average sales of Bata Shoe Co's multiple shops are Rs. 12,500 per month with a standard deviation of Rs. 4050. Find out what proportion of all shops sold between Rs. 12,500 and Rs. 16,550?
A. | Rs. 12,500 and Rs. 16,550 |
B. | Rs. 12,000 and Rs. 16,000 |
C. | Rs. 13,000 and Rs. 16,000 |
D. | Rs. 12,000 and Rs. 13,900 |
Answer : A Explanation : (x - μ)/σ = (16550 - 12500)/4050 = 1.00 By referring to the table we find the area covered by the normal curve = 0.34134 or, 0.34134 x 100 = 34.134% Hence shop sold between 12500 and 16550. Hence the answer is (a). |
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