Monthly Sales 7612.98 8393.66 7780.23 7091.18 9450.62 8220.44 7339.97 8589.48 7621.12 8067.21 7432.08 7621.69 7256.68 7821.21...

Monthly Sales
7612.98
8393.66
7780.23
7091.18
9450.62
8220.44
7339.97
8589.48
7621.12
8067.21
7432.08
7621.69
7256.68
7821.21
8074.25
8173.28
7745.28
7398.05
7098.52
8484.65
7987.16
7041.5
7937.03
8508.25
8145.68
7802.15
8482.05
6171.19
8870.03
7906.6
9093.87
8010.37
6971.06
8800.08
7209.09
8852.65
8319.31
7982.86
8405.35
9166.74
7634.14
8315.4
8680.97
7540.09
9461.91
9414.57
9335.68
8638.78
7285.7
8376.95
9448.4
8360.16
7767.16
8072.17
9723.44
10062.24
8066.42
8721.08
9389.73
7474.23

Given their performance record and based on empirical rule what would be the lower bound of the range of sales values that contains 68% of the monthly sales?

Expert Solution

the lower bound of the range of sales values that contains 68% of the monthly sales is 7391.7

The detailed solution is shown below.

Put the data in excel and arrange it in ascending order.

milcah answered 4 months ago

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