Question

According to Salary Wizard, the average base salary for a brand manager in Houston, Texas, is $88,592 and the average base salary for a brand manager in Los Angeles, California, is $97,417 (Salary Wizard website, February 27, 2008). Assume that salaries are normally distributed the standard deviation for brand managers in Houston is $19,900, and the standard deviation for brand managers in Los Angeles is $21,800.
a. What is the probability that a brand manager in Houston has a base salary in excess of $100,000?
b. What is the probability that a brand manager in Los Angeles has a base salary in excess of $100,000?
c. What is the probability that a brand manager in Los Angeles has a base salary of less than $75,000?
d. How much would a brand manager in Los Angeles have to make in order to have a higher salary than 99% of the brand managers in Houston?



$1.99
Sales5
Views118
Comments0
  • CreatedFebruary 16, 2015
  • Files Included
Post your question
5000