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Suppose the Local Best Buy Store Averages 522customers Every Day

question 72

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Suppose the local Best Buy store averages 522customers every day entering the facility with a standard deviation of 124 customers.A random sample of 40 business days was selected.What is the probability that the average number of customers in the sample is between 530 and 540?


Definitions:

Legitimate Power

The authority that an individual or entity has, which is recognized and accepted by others, often based on a position of leadership or a role within an organization.

Referent Power

A form of influence based on the leader's personal traits and the followers' identification with, admiration for, or respect for the leader.

Expert Power

A form of influence that stems from an individual's recognized knowledge, skills, or experience in a specific area.

High Power Distance

A societal characteristic indicating how much individuals at lower levels of power within organizations and institutions recognize and anticipate that power will be allocated unevenly.

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