For Inventory Purposes, a Grocery Store Manager Wants to Estimate

question 33

Short Answer

For inventory purposes, a grocery store manager wants to estimate the mean number of pounds of cat food sold per month. The estimate is desired to be within 10 pounds with a 95% level of confidence. A pilot study provided a standard deviation of 27.6 pounds. How many months should be sampled?

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Definitions:

Lateral Communications

Refers to the exchange of information and collaboration between colleagues or teams at the same organizational level.

Perceived Efficacy

An individual's belief in their capability to execute behaviors necessary to produce specific performance attainments.

Active Listener

A person who engages in listening by paying close attention, asking clarifying questions, and providing feedback.

Upward Communication

The flow of messages from lower to higher organizational levels.