Sales of a New Line of Athletic Footwear Are Crucial

question 56

Multiple Choice

Sales of a new line of athletic footwear are crucial to the success of a company. The company wishes to estimate the average weekly sales of the new footwear to within $300 with 90% reliability. The initial sales indicate that the standard deviation of the weekly sales figures is approximately $1100. How many weeks of data must be sampled for the company to get the information it desires?

• A) 7 weeks
• B) 37 weeks
• C) 23 weeks
• D) 10,915 weeks