The annual commissions earned by sales representatives of machine Products, Inc. a manufacturer of light machinery, follow the normal distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. What is the cutoff point between those who earn the top 20% and those that do not?
The annual commissions earned by sales representatives of machine Products, Inc. a manufacturer of light machinery,...
Question #5 The annual commissions eaned by sales representatives of Machine Products Inc., a manufacturer of light machinery follow the normal probability distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. a. What percent of the sales representatives earn more than $42,000 per year? b. What percent of the sales representatives earn between $32,000 and $42,000? c. What percent of the sales representatives earn between $32,000 and $35,0007 d. The sales manager wants to award...
Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc a. Determine the mean, median, and the standard deviation. b. Determine the coefficient of skewness using Pearson's method. c. Determine the coefficient of skewness using the software method.
Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc. $ 4.0 $17.4 $ 5.8 $18.4 $ 8.1 $22.3 $11.4 $36.4 $12.8 $13.6 $14.1 $43.2 $79.6 $15.0 $16.9 Click here for the Excel Data File ces 1. Determine the mean, median, and the standard deviation (Round your answers to 2 decimal places.)
Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc. $ 4.1 $17.4 5.9 $17.8 7.5 $22.3 $10.8 $35.9 12.2 $43.2 $13.6 $79.5 $14.3 $16.6 $17.2 a. Determine the mean, median, and the standard deviation (Round your answers to 2 decimal places.) b. Determine the coefficient of skewness using Pearson's method .c. Determine the coefficient of skewness using the software method. (Round your answer to 3 decimal places.)
Question 11: The length of life of an instrument produced by a machine has a normal distribution with a mean of 12 months and standard deviation of 2 months. Find the probability that an instrument produced by this machine will last a) less than 7 months. b) between 7 and 12 months. Question 12 The annual salaries of employees in a large company are approximately normally distributed with a mean of $50,000 and a standard deviation of $20,000. a) What...
Ontario, Inc, manufactures two products, Standard and Enhanced, and applies overhead on the basis of direct-labor hours. Anticipated overhead and direct-labor time for the upcoming accounting period are $800,000 and 25,000 hours, respectively. Information about the company's products follows. Standard: Estimated production volume, 3,000 units Direct-material cost, $25 per unit Direct labor per unit, 3 hours at $12 per hour Enhanced Estimated production volume, 4,000 units Direct-material cost, $40 per unit Direct labor per unit 4 hours at $12 per...
Ontario, Inc. manufactures two products, Standard and Enhanced, and applies overhead on the basis of direct-labor hours. Anticipated overhead and direct-labor time for the upcoming accounting period are $800,000 and 25,000 hours, respectively. Information about the company's products follows. points Standard: Estimated production volume, 3,000 units Direct-material cost, $25 per unit Direct labor per unit, 3 hours at $12 per hour eBook Enhanced: Estimated production volume, 4,000 units Direct-material cost, $40 per unit Direct labor per unit, 4 hours at...
Ontario, Inc. manufactures two products, Standard and Enhanced, and applies Overhead on the basis of direct-labor hours. Anticipated overhead and direct-labor time for the upcoming accounting period are $800,000 and 25,000 hours, respectively. Information about the company's products follows. points Standard: Estimated production volume, 3,000 units Direct-material cost, $25 per unit Direct labor per unit, 3 hours at $12 per hour eBook Enhanced: Estimated production volume, 4,000 units Direct-material cost, $40 per unit Direct labor per unit, 4 hours at...
Gigabyte, Inc. manufactures three products for the computer industry: Gismos (product G): annual sales, 8,000 units Thingamajigs (product T ): annual sales, 15,000 units Whatchamacallits (product W ): annual sales, 4,000 units The company uses a traditional, volume-based product-costing system with manufacturing overhead applied on the basis of direct-labor dollars. The product costs have been computed as follows: Product G Product T Product W Raw material $ 35.00 $ 52.50 $ 17.50 Direct labor 16.00 (.8 hr. at $20) 12.00...
Gigabyte, Inc. manufactures three products for the computer industry: Gismos (product G): annual sales, 8,000 units Thingamajigs (product T ): annual sales, 15,000 units Whatchamacallits (product W ): annual sales, 4,000 units The company uses a traditional, volume-based product-costing system with manufacturing overhead applied on the basis of direct-labor dollars. The product costs have been computed as follows: Product G Product T Product W Raw material $ 35.00 $ 52.50 $ 17.50 Direct labor 16.00 (.8 hr. at $20) 12.00...