Ask Question
25 July, 09:16

The annual commissions per salesperson employed by a manufacturer of light machinery averaged $40,000 with a standard deviation of $5,000. What percent of the sales persons earn between $32,000 and $42,000?

+2
Answers (1)
  1. 25 July, 12:06
    0
    60.06%

    Explanation:

    For each of the amounts first of all we get the z values.

    For $32,000 z = (Amount - Mean) / Standard deviation

    z = (32,000 - 40,000) / 5,000 = - 1.6

    For $42,000, z = (42,000 - 40,000) / 5,000

    z = 0.4

    Using probability tables to find the proportion of commission between 0.4 and - 1.6, we will need to add 0.4452 and 0.1554.

    This gives 0.6006 = 60.06%

    So the salesperson earns 60.06% commission between $32,000 and $42,000.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The annual commissions per salesperson employed by a manufacturer of light machinery averaged $40,000 with a standard deviation of $5,000. ...” 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