Examlex

Solved

Use the Following Information to Answer the Question

question 30

Multiple Choice

Use the following information to answer the question. According to the website ww.costofwedding.com, the average cost of
flowers for a wedding is $698. Recently, in a random sample of 40 weddings in the U.S. it was found that the average cost of the flowers was $734, with a standard deviation of $102. On the basis of this, a 95% confidence interval for the mean cost of flowers for a wedding is $701 to $767.
-Suppose that the average song length in America is 4 minutes with a standard deviation of 1.25 minutes. It is known that song length is not normally distributed. Find the probability that a single
Randomly selected song from the population will be longer than 4.25 minutes. Round to the nearest
Thousandth.


Definitions:

Personal Selling Process

A direct method of selling where a salesperson personally presents products or services to potential customers with the aim of making a sale.

Reservation

The act of booking or securing a service or space in advance, such as a hotel room, a table at a restaurant, or a ticket for an event.

Sales Presentation

A structured dialogue or demonstration aimed at persuading a potential customer to purchase a product or service.

Initial Sales Call

The first contact made by a sales representative to a potential customer, aiming to introduce the product or service and gauge interest.

Related Questions