Suppose a paint manufacturer has a daily production, x, that is normally distributed with a mean of

Question:

Suppose a paint manufacturer has a daily production, x, that is normally distributed with a mean of 100,000 gallons and a standard deviation of 10,000 gallons.

Management wants to create an incentive bonus for the production crew when the daily production exceeds the 90th percentile of the distribution, in hopes that the crew will, in turn, become more productive. At what level of production should management pay the incentive bonus?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Economics

ISBN: 9781292227085

13th Global Edition

Authors: Terry Sincich James Mcclave, P. George Benson

Question Posted: