A local supermarket wants to determine how many cashier stations should be open to accommodate customers. A sampling study was conducted over a 3-day period wherein 20 observations were made. There are a total of 10 cashier stations. How many stations should be open to minimize the cost? If the manager wants and error of not more than 6% at a 98% confidence level, how many observations must be made? Observation 1 2 3 4 in 5 6 7 00 9 10 Cashier Idle 3 4 2 O 2 2 0 3 Observation 11 12 13 14 15 16 17 18 19 20 Cashier Idle 3 1 2 O 3 2 4 4 3 1

A local supermarket wants to determine how many cashier stations should be open to accommodate customers. A sampling study was conducted over a 3-day period wherein 20 observations were made. There are a total of 10 cashier stations. How many stations should be open to minimize the cost? If the manager wants and error of not more than 6% at a 98% confidence level, how many observations must be made? Observation 1 2 3 4 in 5 6 7 00 9 10 Cashier Idle 3 4 2 O 2 2 0 3 Observation 11 12 13 14 15 16 17 18 19 20 Cashier Idle 3 1 2 O 3 2 4 4 3 1

MARKETING 2018

19th Edition

ISBN:9780357033753

Author:Pride

Publisher:Pride

Chapter1: An Overview Of Strategic Marketing

Section1.2: Dollar Shave Club: The Company For Men

Problem 1C

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