tecneed
07-31-2008, 11:52 PM
i have tried everything and i cant figure out how to do this question please help me
There is a total of 240 salespersons in a company. Last year, the overall
company average sales of each salesperson was $415000 with a standard
deviation of $43000.
A)Determine the probability that a random sample of 50 salespersons will have a sales average less than $400000.
b)Each year, the salespersons with sales greater than the 85th percentile will be given a bonus. Determine the smallest sales for which a salesperson will be
qualified to receive a bonus. Assume that sales are normally distributed.
i need help with the part b
thank you for your help
There is a total of 240 salespersons in a company. Last year, the overall
company average sales of each salesperson was $415000 with a standard
deviation of $43000.
A)Determine the probability that a random sample of 50 salespersons will have a sales average less than $400000.
b)Each year, the salespersons with sales greater than the 85th percentile will be given a bonus. Determine the smallest sales for which a salesperson will be
qualified to receive a bonus. Assume that sales are normally distributed.
i need help with the part b
thank you for your help