F the retailer uses a normal model then should it order


Dress shoes of a specific style for women come in sizes ranging from 4 to 12. A retailer believes that this range of sizes is adequate for all but 5% of its female customers.

(a) What normal model for sizes is consistent with the opinion of the retailer?

(b) If the retailer uses a normal model, then should it order more shoes of sizes 4 and 5 or more shoes of sizes 11 and 12?

(c) Can a normal model possibly be the right model for the proportion of shoe sizes of the retailer's female customers?

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Accounting Basics: F the retailer uses a normal model then should it order
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