Use the Following Information to Answer the Question

question 13

Short Answer

Use the following information to answer the question. Suppose the manager of a large appliance and electronics store wants to estimate the amount spent by customers during the holiday season. He took a random sample of customers and recorded the amount they spent. A histogram of the data shows that the data is strongly left- skewed. The figures below show the confidence intervals for the mean amount spent using (A)raw (untransformed)data, and (B)log- transformed data, which showed a more normally distributed data set.

-Which interval should the manager report to the store owner about the typical amount of money spent during the holiday season? Explain.

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Definitions:

Organizational Culture

The shared values, beliefs, and practices of an organization's members that shape its social and psychological environment.

Tangible Assets

Physical and material assets owned by a company, such as buildings, machinery, and inventory, which have a defined monetary value and can be physically touched.

Knowledge

constitutes the facts, information, and skills acquired through experience or education, encompassing theoretical and practical understanding of a subject.

Vacating Employees

Refers to the process of employees leaving their current positions, either voluntarily or involuntarily.