Statistics - Management at Gordon Electronics is considering adopting

Question # 00232302 Posted By: kimwood Updated on: 03/27/2016 04:01 PM Due on: 04/26/2016
Subject Business Topic General Business Tutorials:
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53. Management at Gordon Electronics is considering adopting a bonus system to increase production. On suggestion is to pay a bonus on the highest 5% of production based on past experience. Past records indicate weekly production follows the normal distribution. The mean of this distribution is 4,000 units per week and the standard deviation is 60 units per week. If the bonus is paid on the upper 5% of production, the bonus will be paid on how many units or more?
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  1. Tutorial # 00227518 Posted By: kimwood Posted on: 03/27/2016 04:01 PM
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    = 4098.7approximately x = 4099X ~ N(4 000, 60^2) and ...
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