Find the probability that bob earns over 40000 in a given

Reference no: EM13645509

Bob sells thingamabobs. His yearly salary is $27,000 plus a commission of 10% of his sales. His yearly sales are normally distributed with mean $100,000 and standard deviation $20,000.

a) Find the probability that Bob earns over $40,000 in a given year.

b) Find the missing value: With probability 67% Bob earns over _________ in a given year.

Reference no: EM13645509

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