The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer
$40,000 and the standard deviation is $5,000.
a. What percent of the sales representatives earn more than $42,000 per year?
b. What percent of the sales representatives earn between $32,000 and $42,000?
c. What percent of the sales representatives earn between $32,000 and $35,000?
d. The sales manager wants to award the sales representatives who earn the largest commissions
a bonus of $1,000. He can award a bonus to 20 percent of the representatives. What is the cutoff
point between those who earn a bonus and those who do not?© BrainMass Inc. brainmass.com June 3, 2020, 10:19 pm ad1c9bdddf
The solution provides step by step method for the calculation of probability based on Z score . Formula for the calculation and Interpretations of the results are also included.