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    Statistics - Standard Deviation

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    A paint manufacturer has a normal distribution of 100,000 gallons per day of production with a standard deviation of 10,000 gallons. Management wants to create an incentive bonus when production exceeds the 90th percentile of the distribution. At what level should management pay the incentive bonus?

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    Solution Preview

    M = 100000, s = 10000

    Let the required production level have a normal score of z.

    We ...

    Solution Summary

    The expert examines standard deviation and normal distributions. Neat, step-by-step solution is provided.