The annual commissions earned by sales representatives at Beaver Creek Motors, a used car dealership, follows a normal d

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answerhappygod
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The annual commissions earned by sales representatives at Beaver Creek Motors, a used car dealership, follows a normal d

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The annual commissions earned by sales representatives at BeaverCreek Motors, a used car dealership, follows a normaldistribution. The mean amount earned is $42,500 with astandard deviation of $6,100.
1) What is the probability that a randomly selected salesrepresentative earns more than $41,000 per year? (Round to 3decimal places as needed).
2) What is the probability that a randomly selected salesrepresentative earns less than $37,000 per year? (Round to 3decimal places as needed).
3) What is the probability that a randomly selected salesrepresentative earns between $40,000 and $50,000. (Round to 3decimal places as needed).
4) The sales manager wants to award the salesrepresentatives who earn the largest commissions with abonus. He can award a bonus to the top 15% of representativesbased on amount earned. What is the cutoff point betweenthose who earn a bonus and those who do not. (Round to 2decimal places)
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