Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The annual commissions earned by sales representatives of a particular company follow the normal probability distribution. The mean yearly amount earned is $80,000 and the
The annual commissions earned by sales representatives of a particular company follow the normal probability distribution. The mean yearly amount earned is $80,000 and the standard deviation is $20,000.What is the probability that a randomly selected sales representative earned more than $115,000?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started