Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

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 $21,800.

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 Houson?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Auditing Real Issues And Cases

Authors: Michael Chris Knapp

9th International Edition

1133187900, 978-1133187905

More Books

Students also viewed these Accounting questions

Question

Solve the matrix game: M = -1 3 -1 -1 2 - 1 2 -4 3

Answered: 1 week ago

Question

7. Understand the challenges of multilingualism.

Answered: 1 week ago