Ask Question
22 July, 08:49

Each employee (on average) is equally productive, and each one's monthly sales are normally distributed with a mean of $127,000 and SD $24,000. What is the likelihood that at least two employees will have sales greater than $160,000 in a particular month?

+1
Answers (1)
  1. 22 July, 10:05
    0
    0,1706

    Explanation:

    mean = $127.000

    SD = $ 24.000

    P (X> $160.000) = P (Z> (X-MEAN) / SD) = P (Z> (127.000-164.000) / 24.000)

    P (Z> - 1,375) = 1 - P (Z< 1,375) = 1 - 0,9147 = 0,0853 x 2 employees = 0,1706
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Each employee (on average) is equally productive, and each one's monthly sales are normally distributed with a mean of $127,000 and SD ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers