Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Statistics and Probability Expert

The annual commissions earned by the sales representatives of Machine Products, Inc., manufacturer of light machinery, follow normal probability distribution. The mean yearly amount earned is $40,000 and standard deviation is $5,000.

a) What percent of sales representatives earn more than $42,000 per year?

b) What percent of sales representatives earn between $32,000 and $42,000?

c) What percent of sales representatives earn between $32,000 and $35,000?

d) The sales manager desires to award the sales representatives who earn largest commissions a bonus of $1,000. He can award the bonus to 20 percent of representatives. What is the cutoff point between those who earn the bonus and those who don't?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M918422

Have any Question? 


Related Questions in Statistics and Probability

A laboratory in california is interested in finding the

A laboratory in California is interested in finding the mean chloride level for a healthy resident in the state. A random sample of 50 healthy residents has a mean chloride level of 100 mEq/L. If it is known that the chl ...

Assignment quantitative methodsquestion 1 a large shipping

ASSIGNMENT: QUANTITATIVE METHODS QUESTION 1: A large shipping company recorded the tonnage shipped weekly across the pacific for 50 weeks. The data is presented in the table below. 530 492 462 379 487 523 600 618 548 431 ...

An auditor claims that the average annual salary of a

An auditor claims that the average annual salary of a project manager at a construction company exceeds $82,000. A random sample of 20 project managers had an average salary of $89,600 with a sample standard deviation of ...

What is the difference between dependent and independent

What is the difference between dependent and independent variables? On which side of the regression equation does each lie? Describe how Doane's rule relates to the number of allowed independent variables.  Why is this i ...

A car salesmen claims that a particular make of a car would

A car salesmen claims that a particular make of a car would give a mean mileage of greater than 20mpg. If I ran 10 cars on one gallon of gas each and came up with 10 different results, what statistical formula would I us ...

What is the variation in lsquofalse rejects that is not

What is the variation in ‘False rejects' that is NOT attributable to the Inspectors (as Sum of squares, not as percentage or mean)? 349.4 84.9 264.5 10.58 21.2

Two population meansa tomato farmer with a very large farm

Two Population Means A tomato farmer with a very large farm of approximately 2200 acres had heard about a new type of rather expensive fertilizer which would supposedly significantly increase his production. The frugal f ...

Jenks co partially refunded 180000 of its outstanding 10

Jenks Co. partially refunded $180,000 of its outstanding 10% note payable, made 1 year ago to Arma State Bank by paying $180,000 plus $18,000 interest (having obtained the $198,000 by using $52,400 cash and signing a new ...

Suppose that utility payoffs depend on decisions and states

Suppose that utility payoffs depend on decisions and states as shown in Table 1.3. Letp(θ1,),p(θ2)) denote the decision-makers subjective probability distribution over Ω = {θ1 ,θ2}. a. Suppose first that B = 35. For what ...

In the unit 4 discussion you were asked to create a

In the Unit 4 Discussion you were asked to create a research question and then convert that question into a null hypothesis and alternative hypothesis. You also determined if your alternative is one-tailed or two-tailed. ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen