Snibley's Restaurant uses the standard deviation method to monitor bar operations. In the test period, actual sales were $9,400, and potential sales based on straight shots were $10,000. What should actual sales have been for last week if potential sales based on straight shots were $15,000.?

Question

Quizplus · Accepted Answer

The relationship between actual and potential sales is maintained. If $9,400 is to $10,000, then X is to $15,000. The ratio is 9400/10000 = X/15000. Solving for X gives $14,100 as the expected actual sales.

Snibley's Restaurant Uses the Standard Deviation Method to Monitor Bar