View the step-by-step solution to:

# The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are...

The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed. For the net sales, the mean is \$180 million and the standard deviation is \$25 million. For the number of employees, the mean is 1,500 and the standard deviation is 120. Clarion Fabricators had sales of \$170 million and 1,850 employees.

The net sales and the number of employees for aluminum fabricators with similar characteristics are organized into frequency distributions. Both are normally distributed. For the net sales, the mean is \$180 million and the standard deviation is \$25 million. For the number of employees, the mean is 1,500 and the standard deviation is 120. Clarion Fabricators had sales of \$170 million and 1,850 employees.

(a)

Convert Clarion's sales and number of employees to z values. (Negative amount should be indicated by a minus sign. Round your answers to 2 decimal places.)

z value

Net sales

Employees

--------------------------------------------------------------------------------

(b)

Interpret the z values obtained in Req (a). (Round your answers to 2 decimal places.)

Net sales are standard deviations (Click to select)belowabove the mean. Employees is standard deviations (Click to select)abovebelow the mean.

(c)

Compare Clarion's sales and number of employees with those of the other fabricators. (Round your answers to 2 decimal places.)

% of the aluminum fabricators have greater net sales compared with Clarion. Only % have more employees than Clarion.

### Why Join Course Hero?

Course Hero has all the homework and study help you need to succeed! We’ve got course-specific notes, study guides, and practice tests along with expert tutors.

### -

Educational Resources
• ### -

Study Documents

Find the best study resources around, tagged to your specific courses. Share your own to gain free Course Hero access.

Browse Documents