What is the probability that lisa will earn incentive bonus

Assignment Help Management Theories

Reference no: EM131460729

Question: Lisa Mendes and Brad Lee work in the sales department of an AT&T Wireless Store. Lisa has been signing in an average of 48 new cell phone customers every month with a standard deviation of 22, while Brad signs in an average of 56 new customers with a standard deviation of 17. The store manager offers both Lisa and Brad a $100 incentive bonus if they can sign in more than 100 new customers in a month. Assume a normal distribution to answer the following questions.

a. What is the probability that Lisa will earn the $100 incentive bonus?

b. What is the probability that Brad will earn the $100 incentive bonus? c. Are you surprised by the results? Explain.

Reference no: EM131460729

Questions Cloud

Analyze this problem using a decision tree : a. Analyze this problem using a decision tree. b. What is the maximin alternative? c. Compute the EVPI and interpret it.

Evaluate profitability for variation in the estimates : defined and run some reasonable scenarios using Scenario Manager to evaluate profitability for variation in the estimates.

When the market interest rate exceeds the coupon rate : When the market interest rate exceeds the coupon rate, why do bonds sell for less than the face value?

Where was the setting of the study : Discuss whether you think the article is true-experimental, quasi-experimental, or no experimental. You must also state what type of quantitative design .

What is the probability that lisa will earn incentive bonus : Lisa Mendes and Brad Lee work in the sales department of an AT&T Wireless Store. Lisa has been signing in an average of 48 new cell phone customers every month.

List at least three provisions of the patriot act : List at least three provisions of the PATRIOT Act you think facilitate counterterrorism. Why you think these specific provisions facilitate counterterrorism?

Based on the dividend discount model : what is the approximate price that shares of ABC should be priced at by the market (based on the dividend discount model)?

Confidence interval for the proportion of students : Give a 95% confidence interval for the proportion of students at this university who change majors. (Round your answers to four decimal places.)

Identify one national or international nursing organization : Research one new organization, coalition, private or government funded project. The organization must play a global role in health;

User Account

All Pages