Asked by heather
A manager for a firm that sells advertising space in magazines and periodicals is considering a number of new initiatives to recognize high-performing members of her sales force. Assume that the annual sales revenue for members of her sales force is normally distributed with a population mean of $800,000 and a population standard deviation of $100,000.
One option is to recognize all salespeople with annual sales exceeding one million with a “Platinum Achiever” designation. What percentage of her salespeople would qualify for this designation?
Answer
.0228
.0562
.0728
.0913
.1015
.1123
One option is to recognize all salespeople with annual sales exceeding one million with a “Platinum Achiever” designation. What percentage of her salespeople would qualify for this designation?
Answer
.0228
.0562
.0728
.0913
.1015
.1123
Answers
Answered by
PsyDAG
Z = (score-mean)/SD
Find table in the back of your statistics text labeled something like "areas under normal distribution" to find the proportion related to the Z score.
Find table in the back of your statistics text labeled something like "areas under normal distribution" to find the proportion related to the Z score.
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