Normally Distributed Observations Such as a Person's Weight, Height or Shoe

question 5

Short Answer

Normally distributed observations such as a person's weight, height or shoe size occur quite frequently in nature. Business people who are aware of this use it to their advantage. A purchasing agent for a large retailer buying 15,000 pairs of women's shoes used the normal curve to decide on the order quantities for the various sizes. If women's average shoe size is 7.5 with a standard deviation of 1.5, ______pairs should be ordered between sizes 6.5 and 9?

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Definitions:

Associational Unions

Organizations that represent the interests of a specific group of workers, not based on a particular workplace or employer but rather on shared professions or trades.

Political Pressure

Efforts exerted by individuals, groups, or organizations aiming to influence the decisions or actions of government officials, policy-makers, or any entity in a position of power.

Shareholder Model

A corporate governance framework where the primary focus is on maximizing the value for shareholders.

Short-Run Profits

Earnings achieved in a short period of time, often prioritized at the expense of long-term sustainability or investment.