Decreasing Sales
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1. Historically, monthly sales for product X has been averaging $30M with a standard deviation of $2M. Last month sales decreased to $$23M, should you be concerned that sales are decreasing. Try to you use statistics to support you explanation.
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The solution does a great job of explaining about decreasing sales. The solution is very well explained and detailed. A good response for anyone looking to get a deeper understanding of the statistics concepts. Overall, an excellent response.
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Yes, you should be concerned. If the standard deviation is $2M, then 3 standard deviation would be $6M. ...
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