A store manager wants to increase the number of items each customer buys. The current probability distribution for the number of items purchased is given in a table. Two options for increasing the number of items purchased are being considered: offering more discounts to customers (Option 1) or reconfiguring the store layout (Option 2). The revised probability distribution for these options is also provided in a table.
The government of a country is designing a subsidy policy based on the income of its citizens. The income is normally distributed with a mean of RM5000 and a standard deviation of RM1000. Citizens are divided into three groups with subsidies given as follows: Group I (lowest 30%) receives RM6000, Group II (middle 50%) receives RM3000, and Group III (highest 20%) receives no subsidy.
A retail owner wants to compare the monthly revenue of two outlets. The monthly revenue for 4 years is given in a table. The following tasks are required:
A retail company with 45 outlets is collecting data on variables that might affect weekly sales. The attached Excel file contains data on the weekly sales and corresponding variables. (This question requires further analysis in Excel.)