For Questions 4 14, use Monthly Sales Data below (won't let me upload the excel file) MonthlySales 7704 98 8456 66 7798 23 7147 18 9484 62 8282 44 7355 97 8667 48 7704 12 8129 21 7530 08 7682 69 7335 68 7890 21 8119 25 8255 28 7779 28 7481 05 7198 52 8543 65 7993 16 7119 5 8021 03 8539 25 8190 68 7815 15 8573 05 6267 19 8907 03 7977 6 9096 87 8028 37 7058 06 8800 08 7298 09 8888 65 8376 31 8068 86 8505 35 9241 74 7684 14 8392 48 777 97 7616 09 9524 91 9514 57 9411 68 8641 78 7325 7 8400 95 9521 4 8451 16 7844 16 8096 17 9733 44 10123 24 8082 42 8751 08 9450 73 7490 23 QUESTION 4 Given their performance record, what is the probability of having a month which will have monthly sales exceeding $9,000 NOTE Enter a numerical value only, and round your response to 4 digits after the decimal point For example, you would enter the probability of 34561 (equivalent to 34 561 ) as 3456 in the box below and 34566 (or 34 566 ) as 3457 If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 5 Given their performance record, what is the probability of having a month with less than $7,000 in sales NOTE Enter a numerical value only, and round your response to 4 digits after the decimal point For example, you would enter the probability of 34561 (equivalent to 34 561 ) as 3456 in the box below and 34566 (or 34 566 ) as 3457 If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 6 If you view the company's performance record as a representative sample of its overall sales performance, and considering what you know about normal distribution, what is the dollar value for the 95th percentile NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 7 If you view the company's performance record as a representative sample of its overall sales performance, and considering what you know about normal distribution, what is the dollar value for the lowest 25th percentile NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 8 Given the company's performance record and based on the empirical rule of normal distribution (also known as the 68 95 99 7 rule), what would be the lower bound of the range of sales values that contains 68 of the monthly sales NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 9 Given the company's performance record and based on the empirical rule of normal distribution (also known as the 68 95 99 7 rule), what would be the upper bound of the range of sales values that contains 68 of the monthly sales NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 10 An insurance company wants to make sure that its best customers (those with lowest value of insurance claims) stay with the company To achieve this goal, the company plans to offer a 10 discount on the annual health insurance premium for customers with the lowest 20 of annual health care expenses If the average annual health care expenses for a family of four is $3,450 with a standard deviation of $955, what is the amount of the maximum health care expense that will qualify for the proposed discount NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 11 A manager of a telemarketing firm wants to reward her best sales personnel Each salesperson gets a list of customers to call The data has been collected on the number of sales made per 100 calls Now the manager wants to evaluate this data in order to decide what should be considered exceptional performance UseSales Record xlsxto answer questions 11 12 Based on this data, what is the expected number of sales (per 100 calls) NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 12 Based on the data for Question 11, what is the standard deviation of sales per 100 calls NOTE Enter a numerical value only, do not include the $ sign and round your response to 2 digits after the decimal point If you do not follow these formatting and rounding rules, you may not receive credit for your answer QUESTION 13 This scenario applies to Questions 13 and 14 (SEE SCREENSHOT FOR REFERENCE) An analyst thinks that the overall growth of the economy would impact the rate of return of the investment portfolio for the next year Based on historical data, the analyst has developed the following possibilities What is the expected rate of return for the next year Note Enter a numerical value only, do not include the sign and round your response to 2 digits after the decimal point For example, you would enter 34 56 (or 3456) as 34 56 in the box below QUESTION 14 Based on the scenario in Question 13, what is the standard deviation of this distribution Note Enter a numerical value only, do not include the sign and round your response to 1 digit after the decimal point For example, you would enter 34 56 (or 3456) as 34 6 in the box below Economic Growth Scenario Probability Portfolio Rate of Return High Growth (More than 4 ) 0 30 8 Moderate Growth (Between 2 and 4 ) 0 45 5 Weak or Negative Growth (Less than 2 ) 0 25 8

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For Questions 4-14, use Monthly Sales Data below (won't let me upload the excel file) MonthlySales 7704.98 8456.66 7798.23 7147.18 9484.62 8282.44 7355.97 8667.48 7704.12

For Questions 4-14, use Monthly Sales Data below (won't let me upload the excel file)

MonthlySales

7704.98

8456.66

7798.23

7147.18

9484.62

8282.44

7355.97

8667.48

7704.12

8129.21

7530.08

7682.69

7335.68

7890.21

8119.25

8255.28

7779.28

7481.05

7198.52

8543.65

7993.16

7119.5

8021.03

8539.25

8190.68

7815.15

8573.05

6267.19

8907.03

7977.6

9096.87

8028.37

7058.06

8800.08

7298.09

8888.65

8376.31

8068.86

8505.35

9241.74

7684.14

8392.48

777.97

7616.09

9524.91

9514.57

9411.68

8641.78

7325.7

8400.95

9521.4

8451.16

7844.16

8096.17

9733.44

10123.24

8082.42

8751.08

9450.73

7490.23

QUESTION 4

Given their performance record, what is the probability of having a month which will have monthly sales exceeding $9,000?
NOTE:Enter a numerical value only, and round your response to4digits after the decimal point. For example, you would enter the probability of .34561 (equivalent to 34.561%) as.3456in the box below; and .34566 (or 34.566%) as.3457. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 5

Given their performance record, what is the probability of having a month with less than $7,000 in sales?
NOTE:Enter a numerical value only, and round your response to4digits after the decimal point. For example, you would enter the probability of .34561 (equivalent to 34.561%) as.3456in the box below; and .34566 (or 34.566%) as.3457.If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 6

If you view the company's performance record as a representative sample of its overall sales performance, and considering what you know about normal distribution, what is the dollar value for the 95th percentile?
NOTE:Enter a numerical value only, donotinclude the $ sign; and round your response to2digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 7

If you view the company's performance record as a representative sample of its overall sales performance, and considering what you know about normal distribution, what is the dollar value for the lowest 25th percentile?
NOTE:Enter a numerical value only, donotinclude the $ sign; and round your response to2digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 8

Given the company's performance record and based on the empirical rule of normal distribution (also known as the 68%-95%-99.7% rule), what would be thelowerbound of the range of sales values that contains 68% of the monthly sales?
NOTE:Enter a numerical value only, donotinclude the $ sign; and round your response to2digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 9

Given the company's performance record and based on the empirical rule of normal distribution (also known as the 68%-95%-99.7% rule), what would be theupperbound of the range of sales values that contains 68% of the monthly sales?
NOTE:Enter a numerical value only, donotinclude the $ sign; and round your response to2digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 10

An insurance company wants to make sure that its best customers (those with lowest value of insurance claims) stay with the company. To achieve this goal, the company plans to offer a 10% discount on the annual health insurance premium for customers with the lowest 20% of annual health care expenses. If the average annual health care expenses for a family of four is $3,450 with a standard deviation of $955, what is the amount of the maximum health care expense that will qualify for the proposed discount?
NOTE:Enter a numerical value only, donotinclude the $ sign; and round your response to2digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 11

A manager of a telemarketing firm wants to reward her best sales personnel. Each salesperson gets a list of customers to call.The data has been collected on the number of sales made per 100 calls. Now the manager wants to evaluate this data in order to decide what should be considered "exceptional" performance. UseSales_Record.xlsxto answer questions 11-12.
Based on this data, what is the expected number of sales (per 100 calls)?
NOTE: Enter a numerical value only, do not include the $ sign; and round your response to2digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 12

Based on the data for Question 11, what is the standard deviation of sales per 100 calls?
NOTE: Enter a numerical value only, do not include the $ sign; and round your response to 2 digits after the decimal point. If you do not follow these formatting and rounding rules, you may not receive credit for your answer.

QUESTION 13

This scenario applies to Questions 13 and 14.(SEE SCREENSHOT FOR REFERENCE)
An analyst thinks that the overall growth of the economy would impact the rate of return of the investment portfolio for the next year. Based on historical data, the analyst has developed the following possibilities:

What is theexpected rate of returnfor the next year?
Note: Enter a numerical value only, donotinclude the % sign; and round your response to2digits after the decimal point. For example, you would enter 34.56% (or .3456) as34.56in the box below.

QUESTION 14

Based on the scenario in Question 13, what is the standard deviation of this distribution?
Note: Enter a numerical value only, donotinclude the % sign; and round your response to1digit after the decimal point. For example, you would enter 34.56% (or .3456) as34.6in the box below.

Economic Growth Scenario Probability Portfolio Rate of Return High Growth (More than 4%) 0.30 8% Moderate Growth (Between 2% and 4%) 0.45 5% Weak or Negative Growth (Less than 2%) 0.25 -8%