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How many weeks of data must be randomly sampled to estimate the mean weekly sales of?
To estimate the mean weekly sales, the number of weeks of data that must be randomly sampled can vary depending on the desired level of confidence and margin of error. Generally, a larger sample size increases the accuracy of the estimate. Statisticians often suggest using a sample size calculation based on factors like the population variance, desired confidence level (e.g., 95%), and margin of error. A common rule of thumb is to start with at least 30 weeks of data for a preliminary estimate, but more may be needed for greater precision.
What else can I help you with?
Example of calculating Sales Mix Variance?
SALES MIX VARIANCE= standard sales-revised std sales
How do you calculate budget variance?
This years' sales plus last years' sales divided by 2
What is expected level of sales if there is a 15 probability the economy will be strong?
The answer will depend on the product. If the economy is strong the sales of inferior goods will fall. Also, it depends on the level at which the sales are currently.
How is the sales-volume variance calculated?
sales vol. variance= standard price(actual sales vol.- std sales vol.) eg.- A= 10(35000-20000)=150000(F) B=6(25000-30000)= 30000(A) F-A= 150000-30000=120000
What is the importance of correlation and regression analysis in business decision making?
Correlation and regression analysis can help business to investigate the determinants of key variables such as their sales. Variations in a companies sales are likely to be related to variation in product prices,consumers,incomes,tastes and preference's multiple regression analysis can be used to investigate the nature of this relationship and correlation analysis can be used to test the goodness of fit. Regression can also be used to estimate the trend in a time series to make forecast
How do you calculate average weekly sales?
1 week Total sales/7
Where can weekly sales ads be found for Save On Foods?
On "Save On Food's website weekly sales ads can be found. The online website "Food For Less" features the weekly ads of "Save on Foods" and many other grocery stores ads.
Market basket weekly sales circular?
Only online...
How can organizations compete with the internet?
send weekly emails of sales that is only in stores...
What is an example of a responsibility report generated by an accounting information system?
Responsibility reports --such as a weekly sales report for a regional sales manager
Does ann Taylor loft pay their employees weekly?
think it all depends on which one you work at. i get paid 9.50/hr weekly as a sales associate.
How do you project how much your business will make in the first year?
Many different ways, no single method. It is an art, not a science. Examples: A small business: might estimate sales for all major events during the year (e.g. spring-break, easter, thanksgiving, x-mas) and add them up may look at recent weekly sales and simply project weekly sales x 52 may look at new customers it can acquire and how much business each customer would generate may ask around to similar business owners what they made A big corporation: usually polls all their Sales VPs for next quarter sales estimate, who then poll their subordinate, who then ask each individual sales rep for how much they think they will be selling next quarter. It's an interesting negotiation process. Ultimately, one has to look at specifically the type of business, business cycle, and customer buying patterns to arrive at an estimate.
Where can I find out about sales on appliances before they are published in the weekly newspaper?
I need a new oven and refrigerator. How can I find out about sales on appliances before they are posted in the newspaper?
What is a sentence with the words supply and demand?
Weekly sales ads are subject to the law of supply and demand.
Where can you find cheap sales contact software?
One can find very cheap sales contact software on weekly sales by looking through the flyers. Sales usually happen in large electronics and entertainment retailers such as Best Buy.
What magazine publishes weekly sales figures of record and CD sales?
Billboard magazine publishes weekly sales figures of record and CD sales, known as the Billboard charts. These charts provide a comprehensive overview of the top-selling albums and singles across various genres. Music industry professionals and enthusiasts often refer to these charts to track the commercial success of artists and albums.
What stores have good coupons in their sales ad?
Some stores that have very good coupons in their weekly sales ads are Giant, Safeway, Weis, and Target. Another store with great coupons in their sales ad is Kohl's.
