# Question

The annual bonuses awarded to members of the management team and assembly-line workers of an automobile manufacturer depend largely on the corporation’s sales performance during the preceding year. The file S04_25.xlsx contains the probability distribution of possible bonuses (measured in hundreds of dollars) awarded to white-collar and blue-collar employees at the end of the company’s fiscal year.

a. How much do a manager and an assembly-line worker expect to receive in their bonus check at the end of a typical year?

b. For which group of employees within this organization does there appear to be more variability in the distribution of possible annual bonuses?

c. How strongly associated are the bonuses awarded to the white-collar and blue-collar employees of this company at the end of the year? Answer by calculating the correlation between them. What are some possible implications of this result for the relations between members of the management team and the assembly-line workers in the future?

a. How much do a manager and an assembly-line worker expect to receive in their bonus check at the end of a typical year?

b. For which group of employees within this organization does there appear to be more variability in the distribution of possible annual bonuses?

c. How strongly associated are the bonuses awarded to the white-collar and blue-collar employees of this company at the end of the year? Answer by calculating the correlation between them. What are some possible implications of this result for the relations between members of the management team and the assembly-line workers in the future?

## Answer to relevant Questions

Consumer demand for small, economical automobiles depends somewhat on recent trends in the average price of unleaded gasoline. For example, consider the information given in the file S04_26.xlsx on the distributions of ...Suppose that the manufacturer of a particular product assesses the joint distribution of price P per unit and demand D for its product in the coming quarter as provided in the file S04_31.xlsx.a. Find the expected price and ...The file S04_31.xlsx contains the joint probability distribution of price P per unit and demand D for a particular product in the coming quarter.a. Are P and D independent random variables? Explain your answer.b. If P and D ...Suppose the monthly demand for Thomson televisions has a mean of 40,000 and a standard deviation of 20,000. Find the mean and standard deviation of the annual demand for Thomson TVs. Assume that demands in different months ...Suppose that a marketing research firm sends questionnaires to two different companies. Based on historical evidence, the marketing research firm believes that each company, independently of the other, will return the ...Post your question

0