Tuesday
March 31, 2015

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 ...
statistics - Plymouth Rock Securities is interested in finding out if there is a...
finance - Winnebagel Corp. currently sells 29,400 motor homes per year at $44,...
Statistics - A household appliance manufacturer wants to analyze the ...
MSU - Shirts Unlimited operates a chain of shirt stores that carry many styles ...
Econ - A firm faces the following sales function: Q=5,000-10P+40A+PA-0.8A^2-0.5P...
statistics - A manager wishes to determine the relationship between the number ...
Accounting - Shirts Unlimited operates a chain of shirt stores that carry many ...
Managerial Economics - As a VP of sales for a rapidly growing company, you are ...
Managerial Economics - As a VP of sales for a rapidly growing company, you are ...

Members