Salespeople of a large corporation received an annual bonus based upon their sales performance. The size of the bonuses was normally distributed with a mean of $12,000 and a standard deviation of $2500. a) What us the probability that a sales person receive a bonus of more than $15,000 0.1151 (Round to 4 decimal places) [a] (Round to 4 decimal places) b) What is the probability that a sales person receive a bonus of less than $10,000 or more than $18,000? (Round to 4 decimal places) c) Sales people in the bottom 2.5% of the distribution of bonuses can file a grievance with the union. What is the most a salesperson could earn and still be able to file a grievance? (Round to 1 decimal place) 6 pts Question 5 ASUS VivoBook

Salespeople of a large corporation received an annual bonus based upon their sales performance. The size of the bonuses was normally distributed with a mean of $12,000 and a standard deviation of $2500. a) What us the probability that a sales person receive a bonus of more than $15,000 0.1151 (Round to 4 decimal places) [a] (Round to 4 decimal places) b) What is the probability that a sales person receive a bonus of less than $10,000 or more than $18,000? (Round to 4 decimal places) c) Sales people in the bottom 2.5% of the distribution of bonuses can file a grievance with the union. What is the most a salesperson could earn and still be able to file a grievance? (Round to 1 decimal place) 6 pts Question 5 ASUS VivoBook

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

Salespeople of a large corporation received an annual bonus based upon
their sales performance. The size of the bonuses was normally distributed
with a mean of $12,000 and a standard deviation of $2500.
a) What us the probability that a sales person receive a bonus of more
than $15,000 0.1151 I
(Round to 4 decimal places) [a] (Round
to 4 decimal places)
b) What is the probability that a sales person receive a bonus of less than
$10,000 or more than $18,000?
(Round to 4 decimal
places)
c) Sales people in the bottom 2.5% of the distribution of bonuses can file
a grievance with the union. What is the most a salesperson could earn
and still be able to file a grievance?
(Round to 1
decimal place)
6 pts
Question 5
ASUS VivoBook

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