The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow
Question:
a. What percent of the sales representatives earn more than $42,000 per year?
b. What percent of the sales representatives earn between $32,000 and $42,000?
c. What percent of the sales representatives earn between $32,000 and $35,000?
d. The sales manager wants to award the sales representatives who earn the largest com-missions a bonus of $1,000. He can award a bonus to 20% of the representatives. What is the cutoff point between those who earn a bonus and those who do not?
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Related Book For
Statistical Techniques in Business and Economics
ISBN: 978-0078020520
16th edition
Authors: Douglas Lind, William Marchal
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