Question
Builtrite has calculated the average daily cash flow to be $54,000 with a standard deviation of $4000. The store manager will receive their $500 weekly
Builtrite has calculated the average daily cash flow to be $54,000 with a standard deviation of $4000. The store manager will receive their $500 weekly bonus if the daily cash flow falls in the top 4%. What is the daily cash flow amount that would give the manager their bonus? (Assume a normal distribution.)
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Public Finance Administration
Authors: B. J. Reed, John W. Swain
2nd Edition
0803974051, 978-0803974050
