Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Builtrite Furniture has calculated the average weekly payroll to be $18,000 with a standard deviation of $4,000. The Tempe store manager will get into trouble

Builtrite Furniture has calculated the average weekly payroll to be $18,000 with a standard deviation of $4,000. The Tempe store manager will get into trouble if he allows wages to get too high. For the manager to get into trouble, wages need to exceed the top 20%. What is the minimum dollar amount of wages that can be paid for the week that will get the manager into trouble? (Assume a normal distribution.)

Group of answer choices

$18,990

$19,680

$20,080

$21,360

if answer is not there let me know the nearest answer

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_2

Step: 3

blur-text-image_3

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

Financial Accounting For Executives And MBAs

Authors: Wallace, Simko, Ferris

4th Edition

1618531980, 9781618531988

More Books

Students explore these related Accounting questions

Question

2 What participation techniques are used?

Answered: 3 weeks ago