The average base salary for a store manager (Wal-Mart) in Riverside, California, is S68,000, and the...
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The average base salary for a store manager (Wal-Mart) in Riverside, California, is S68,000, and the average base salary for a store manager (Wal-Mart) in Los Angeles, California, is $78,000. Assume that salaries are normally distributed, the standard deviation for store managers in Riverside is $20,000, and the standard deviation for store managers in Los Angles is $22,000. (75 points) (A) What is the probability that a store manager in Riverside has a base salary in excess of $100,000? (B) What is the probability that a store manager in Los Angeles has a base salary in excess of $100,000? (C) What is the probability that a store manager in Los Angeles has a base salary of less than $67,000? (D)How much would a store manager in Los Angeles have to make in order to have a higher salary than 98.21% of the store managers in Riverside? (E) Based the results from (A)-(D), if you are a job applicant for store manager position (Wal-Mart) in California, how would you negotiate annual salary using at least 200 words. The average base salary for a store manager (Wal-Mart) in Riverside, California, is S68,000, and the average base salary for a store manager (Wal-Mart) in Los Angeles, California, is $78,000. Assume that salaries are normally distributed, the standard deviation for store managers in Riverside is $20,000, and the standard deviation for store managers in Los Angles is $22,000. (75 points) (A) What is the probability that a store manager in Riverside has a base salary in excess of $100,000? (B) What is the probability that a store manager in Los Angeles has a base salary in excess of $100,000? (C) What is the probability that a store manager in Los Angeles has a base salary of less than $67,000? (D)How much would a store manager in Los Angeles have to make in order to have a higher salary than 98.21% of the store managers in Riverside? (E) Based the results from (A)-(D), if you are a job applicant for store manager position (Wal-Mart) in California, how would you negotiate annual salary using at least 200 words.
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a b ccalculation for C is right d a store manager in los Angeles have ... View the full answer
Related Book For
Managerial Economics A Problem Solving Approach
ISBN: 978-1133951483
3rd edition
Authors: Luke M. Froeb, Brian T. McCann, Mikhael Shor, Michael R. War
Posted Date:
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