Question: 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 rep. earn between $32,000 and $42,000?
c. What percent of the sales rep. earn between $32,000 and $35,000?
d. The sales manager wants to award the sales rep. who earn the largest commissions a bonus of $1,000. He can award a bonus to 20% of the reps. What is the cutoff point between those who earn a bonus and those who do not?