Suppose you work for a large electronics store as a manager. You track individual employee performance to see which employees are performing well and are eligible for bonuses, and which employees require additional training to improve their performance. The amount of monthly sales an employee makes is Normally distributed with average $10462 and standard deviation $2512. Employees will be considered for training if their monthly sales is more than two standard deviations below the average. Using this information, what is the cut off point for sales, below which an employee becomes a candidate for training?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
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Suppose you work for a large electronics store as a manager. You track individual
employee performance to see which employees are performing well and are eligible
for bonuses, and which employees require additional training to improve their
performance. The amount of monthly sales an employee makes is Normally
distributed with average $10462 and standard deviation $2512. Employees will be
considered for training if their monthly sales is more than two standard deviations
below the average. Using this information, what is the cut off point for sales, below
which an employee becomes a candidate for training?
Note:
1- Only round your final answer. Round your final answer to the nearest dollar.
Transcribed Image Text:Suppose you work for a large electronics store as a manager. You track individual employee performance to see which employees are performing well and are eligible for bonuses, and which employees require additional training to improve their performance. The amount of monthly sales an employee makes is Normally distributed with average $10462 and standard deviation $2512. Employees will be considered for training if their monthly sales is more than two standard deviations below the average. Using this information, what is the cut off point for sales, below which an employee becomes a candidate for training? Note: 1- Only round your final answer. Round your final answer to the nearest dollar.
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