Elucidate amount of sales would be required to be a gold

Reference no: EM1316575

Finding the amount of sales using normal approximation method.
Membership in the Super Savings Club is limited to the top 10% of sales associates at XYZ Corp. Individuals in the top 5% of sales associates have "gold status". If the mean monthly sales for sales associates is $52,000 and the standard deviation is $14,000 and the sales amounts are normally distributed.

a) What amount of sales would be required to be a super savings club member?

b) What amount of sales would be required to be a gold club status?

Reference no: EM1316575

Questions Cloud

Total economic profit and drawing market supply : Compute the total revenue and total economic profit at each level of output. Compute the pizza shop's marginal costs and marginal revenue level of output. What is the profit maximizing rate of output for pizza shop?

Hypotehsis testing for population mean : Calculate the z - scores for the three samples, compare the z score to the t-statistic, is the null hypothesis accepted or rejected?

Determine probability using multinomial distribution : A college student is taking 5 courses in a semester. He is willing to assume that he will get an A with probability 0.10, a B with probability 0.80, and a C with probability 0.1 in each of the courses. He defines X1, X2, and X3 to be the number of..

Explain portfolio management : Explain Portfolio management - Forex Using the currency exposures and exchange rates given above

Elucidate amount of sales would be required to be a gold : Illustrate what amount of sales would be required to be a super savings club member. Elucidate amount of sales would be required to be a gold club status.

Imposition of per unit tax on monopoly : Show that, with a linear demand curve, the imposition of a per-unit tax on a monopoly will cause price to rise by less than the tax. Would this be true for a constant elasticity demand curve?

What is the expected time until 4th failure : Determine Probability using exponential distribution.The average time between failures of a laser machine is exponentially distributed with the mean of 40,000 hours.

Find number of white gumballs from 12 pieces : nna bought twelve pieces of gum consisting of only red gumballs & white gumballs. Find number of white gumballs from 12 pieces.

Computation of beta of a portfolio of a stock : Computation of beta of a portfolio of a stock Which of the following statements is most correct

User Account

All Pages