Thursday
September 18, 2014

Homework Help: statistics

Posted by heather on Saturday, July 21, 2012 at 1:41am.

A manager for a firm that sells advertising space in magazines and periodicals is considering a number of new initiatives to recognize high-performing members of her sales force. Assume that the annual sales revenue for members of her sales force is normally distributed with a population mean of $800,000 and a population standard deviation of $100,000.
One option is to recognize all salespeople with annual sales exceeding one million with a “Platinum Achiever” designation. What percentage of her salespeople would qualify for this designation?
Answer
.0228
.0562
.0728
.0913
.1015
.1123

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

statistics - a sales manager used linear regression to find the positive linear ...
economics - The table shows the relationship for a hypothetical firm between its...
statistics - Plymouth Rock Securities is interested in finding out if there is a...
Business Finance - The new credit manager of Kay's Department store plans to ...
Econ - A firm faces the following sales function: Q=5,000-10P+40A+PA-0.8A^2-0.5P...
college algebra - You apply for a job selling diet marshmallows because an ad ...
finance firm's sales on credit - In general, the larger the portion of a firm's ...
Statistics - 1. A company decides to add a new program that prepares randomly ...
statistics - a company decides to add a new program that prepares randomly ...
statistics - A manager wishes to determine the relationship between the number ...

Search
Members