Calculate the percentage of monthly sales

Assignment Help Other Subject

Reference no: EM13722691

Compute the solution of the following question

Question- Monthly sale figures for a particular e-retailer tend to be normally distributed with mean equal to 150 thousand dollars and a standard deviation of 35 thousand dollars. Use the normal distribution to answer these questions:

Part 1- What percentage of monthly sales is less than 200 thousand dollars?

Part 2- What's the top 1% monthly sale figure (a.k.a. 99th percentile)?

Part 3- What percentage of monthly sale values is between 200 and 250 thousand dollars?

Part 4- What percentage of monthly sales is above 180 thousand dollars

I need assist to calculate the percentage of monthly sales.

Reference no: EM13722691

Questions Cloud

Calculate the new values of the summary statistics : Here is the summary statistics for the weekly sales (in dollar amounts) of laptop computers at a large computer store: lowest sale = $8,400. Find the new values of the summary statistics.

What price will the profit maximizing monopolist charge : What price will the profit maximizing monopolist charge and how much profit will the monopolist make if she maximizes her profit

Learn about a new culture or way of life : Continually in our changing society we are learning how to interact with people who have different beliefs, values, and attitudes. In 1-2 pages, describe a time when you had to learn about a new culture or way of life.

Create and develop a brand positioning strategy : Create and develop a brand positioning strategy. Create a distribution strategy for the proposed new product

Calculate the percentage of monthly sales : What percentage of monthly sale values is between 200 and 250 thousand dollars? What percentage of monthly sales is above 180 thousand dollars

Key elememts of a supply chain : The success of any supply chain depends on the framework of the organization. The framework of an organization identifies strategic challenges that were critical to the organization's existence in the past and are also critical to its future growt..

Popular misconceptions about greece and rome : In Ancient Greece and Rome, many people believed that all creative ideas originated from the nine muses, deities who delivered inspiration to artists and were the source of all human creativity. For this week's Shared Practice, consider the myths a..

Find the percentage of students that are older than 36 years : Compute the percentage of students that are between 24 and 32 years old. Compute the percentage of students that are older than 36 years.

Calculating the vesting service : Calculating the Vesting service VS and benefit service BS: The Oregon Salaried pension plan and its subsidiaries participating in the plan are being frozen with respect to the benefit service effective.

User Account

All Pages