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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

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