The annual commissions earned by the sales representatives, Ask an Expert

Statistics

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?

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Statistics and Probability, Statistics

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

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