Hello pls help me to solve this question step by step ……. Which measure of central tendency would be most useful in each of the following instances? (a) The production manager for a manufacturer of glass jars, who is concerned about the proper jar size to manufacture, has sample data on jar sizes ordered by customers. Would the mean, median, or modal jar size be of most value to the manager? (b) The sales manager for a quality furniture manufacturer is interested in selecting the region’s most likely to purchase his firm’s products. Would he be most interested in the mean or median of family income in prospective sales areas? (c) A security analyst is interested in describing the daily market price change of the common stock of a manufacturing company. Rarely the market price of the stock changes by more than one point, but occasionally the price will change by as many as four points in one day. Should the security analyst describe the daily price change of the stock in terms of mean, median, or mode of the daily market price change?
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explain me clearly
then I can think
then I can think
puzzlegame222:
This my MBA question pls
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b will get more as he has chosen the right area for his sale.in not be case of a he is loyal to the customer and is concerned about his jars so he would get more customer relationship and may earn quite high.in c he has to update everything to the customer as that is his job
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