A regional manager in a discount retail chain is responsible for 4 stores. The average and standard deviation of the monthly forecasted revenue for each of the four stores is shown below. The total revenue of the 4 stores last year for this same time period was $5,743,600. The manager has been given a goal of increasing revenue by 12%

a. Calculate the probability that total revenue of the 4 stores will not exceed the goal.

b. Calculate the total revenue that has a 10% probability of being exceeded.

2. A regional manager in a discount retail chain is responsible for 4 stores. The average and standard deviation of the monthly forecasted revenue for each of the four stores is shown below. The total revenue of the 4 stores last year for this same time period was S5,743,600. The manager has been given a goal of increasing revenue by 12% 2 3 Avg $1,493,500 $1,671.000 $2.191.500 $1.234,300 SD $104,700 $96,390 $131,690 $130,280 Calculate the probability that total revenue of the 4 stores will not exceed the goal. 1 b. Calculate the total revenue that has a 10% probability of being exceeded a -3. 2. A regional manager in a discount retail chain is responsible for 4 stores. The average and standard deviation of the monthly forecasted revenue for each of the four stores is shown below. The total revenue of the 4 stores last year for this same time period was S5,743,600. The manager has been given a goal of increasing revenue by 12% 2 3 Avg $1,493,500 $1,671.000 $2.191.500 $1.234,300 SD $104,700 $96,390 $131,690 $130,280 Calculate the probability that total revenue of the 4 stores will not exceed the goal. 1 b. Calculate the total revenue that has a 10% probability of being exceeded a -3