Question
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?
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