A Company Manager Thinks He Is Overpaying for Fertilizer at $174

question 26

Short Answer

A company manager thinks he is overpaying for fertilizer at $174 per ton. To find out, he collects fertilizer prices per ton from five distributors. Construct a 90% confidence interval from his results: 128, 140, 170, 166, and 156.

---

Definitions:

Negotiation Tactic

Strategies or techniques used to influence or persuade others during discussions aimed at reaching an agreement.

Listening

The active process of receiving, comprehending, and responding to spoken or non-verbal messages.

Recommended

Suggested or advised as a course of action or to be suitable based on certain qualifications or conditions.

Counting To Ten

A technique used to promote calmness and emotional control by pausing and counting slowly to ten before reacting.