Question
ou area category manager at one of the fastest growing e-retailers in the country. You earn a fixed annual performance bonus of $ 100000 if
ou area category manager at one of the fastest growing e-retailers in the country. You earn a fixed annual performance bonus of $ 100000 if your category makes a positive annual profit and nothing otherwise. Suppose historical records show that the annual profits of the category are normally distributed with mean $ 35 million and standard deviation $ 27.5 million, what is the standard deviation of your annual bonus?
Select one:
A.$ 0.03 million
B.$ 27.5 million
C.$ 0.1 million
D.0
We need to solve this using z-scores, but not sure how to get the individual std deviation
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