Salespeople of a large corporation received an annual bonus 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 rounds 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 to4 decimal 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 places)

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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.