Question

In: Statistics and Probability

The commissions in dollars earned for the first quarter of last year by the 11 members...

The commissions in dollars earned for the first quarter of last year by the 11 members of the sales staff at Master Chemical Company are: 1650, 1475, 1510, 1670, 1595, 1760, 1540, 1495, 1590, 1625, 1510. • Calculate the mean and the standard deviation of the commissions earned. • Calculate the second quartile and the sixth decile.

Solutions

Expert Solution

orchestra answered 1 year ago
Next > < Previous

Related Solutions

Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives...
Listed below are the commissions earned ($000) last year by a sample of 15 sales representatives at Furniture Patch Inc. $ 4.2 $ 6.0 $ 8.0 $ 11.3 $ 12.5 $ 13.6 $ 14.6 $ 16.4 $ 17.1 $ 17.4 $ 18.2 $ 22.3 $ 36.8 $ 43.2 $ 78.8 Determine the mean, median, and the standard deviation. (Round your answers to 2 decimal places.) Determine the coefficient of skewness using Pearson’s method. (Round your answer to 3 decimal places.)...
In the last quarter of 2019, US GDP was approximately $21.0 trillion dollars with an unemployment...
In the last quarter of 2019, US GDP was approximately $21.0 trillion dollars with an unemployment rate less than 4%. However, with the precautionary steps taken to stop the spread of COVID-19, a significant number of workers were laid off and unemployment climbed significantly. If the unemployment rate does not decline and stays at an average of 15% for an entire year, then the fall in the US GDP is likely to be Group of answer choices $3.15 trillion. $16.4...
Most brokers will set a minimum level of commissions that must be earned by a sales...
Most brokers will set a minimum level of commissions that must be earned by a sales associate becoase of a) association fees b) insurance fees c) secretarial costs d) desk costs
"You earned a 14.25% return on an investment last year. Inflation was 1.25% last year. According...
"You earned a 14.25% return on an investment last year. Inflation was 1.25% last year. According to the Fisher Equation, what was your real return last year?" 12.84% 13.00% 14.25% 15.50%
How to solve this question on Microsoft Excel The annual commissions earned by sales representatives of...
How to solve this question on Microsoft Excel The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5000. a. What percentage of sales representatives earn between $32,000 and $42,000 per year? b. What percentage of sales representatives earn more than $42,000 per year? c. The sales manager wants to award the sales representatives who earn the largest...
During their first year of operations, the partnership earned $140,000.
E12-16 Allocating profits and losses to the partners Polacco and Walsh have formed a partnership. During their first year of operations, the partnership earned $140,000. Their profit-and-loss-sharing agreement states that, first, each partner will receive 10% of their capital balances. The second level is based on services, with $25,000 to Polacco and $15,000 to Walsh. The remainder then will be shared 4:1 between Polacco and Walsh, respectively. Requirements 1. Calculate the amount of income each partner will receive under their profit-and- loss-sharing agreement...
Smith Family Single male Paid $900 in alimony last year No kids Earned $37,500 last year...
Smith Family Single male Paid $900 in alimony last year No kids Earned $37,500 last year from FT job Earned $3,000 from PT job Rents an apartment for $600/mth Spent $500 on moving expenses for a new job Paid $2,400 in federal income taxes through his paychecks Paid $700 in interest on a student loan Gave $500 to a local for profit soccer team for new uniforms Bought a new car with a $2,000 down payment Contributed $3,000 to a...
According to sales information in the first quarter of 2019, 11% of the new vehicles sold...
According to sales information in the first quarter of 2019, 11% of the new vehicles sold in the United States were hybrids. Let’s assume these statistics remain the same for 2020. That is, 11 percent of the new car sales are hybrids in the first quarter of 2020. For a sample of 52 vehicles sold in the Richmond, Virginia area, what is the probability that: More than 6 were hybrids? (Round your z-score computation to 2 decimal places and final...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery,...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal probability distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5,000. a. What percent of the sales representatives earn more than $42,000 per year? b. What percent of the sales earn less than 28,000 per year? c. The sales manager wants to award the sales representatives who earn the largest commissions a bonus of $1,000. He can...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery,...
The annual commissions earned by sales representatives of Machine Products Inc., a manufacturer of light machinery, follow the normal distribution. The mean yearly amount earned is $40,000 and the standard deviation is $5000. a. What percentage of sales representatives earn between $32,000 and $42,000 per year? b. What percentage of sales representatives earn more than $42,000 per year? c. The sales manager wants to award the sales representatives who earn the largest commissions a bonus of $1000. He can award...
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT