Suppose a paint manufacturer has a daily production, X, that is normally distributed with a mean of 100000 gallons and a standard deviation of 10000 gallons. The management wants to create an incentive bonus for the production crew when the daily production exceeds the 90 % of the total capacity; it hopes that the crew will, in turn, become more productive. At what level of production should management pay the incentive bonus?
Suppose a paint manufacturer has a daily production, X, that is normally distributed with a mean of 100000 gallons and a standard deviation of 10000 gallons. The management wants to create an incentive bonus for the production crew when the daily production exceeds the 90 % of the total capacity; it hopes that the crew will, in turn, become more productive. At what level of production should management pay the incentive bonus?
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter4: Equations Of Linear Functions
Section4.5: Correlation And Causation
Problem 2AGP
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. Suppose a paint manufacturer has a daily production, X, that is
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