Normally distributed Base Salary for Brand Managers
The population of lengths of aluminum-coated steel sheets is normal distributed with a mean of 30.05 inches
July 9, 2019Standard Deviation vs. Population Standard Deviation
July 9, 2019According to Salary Wizard, the average base salary for a brand manager in Houston, Texas is $88,592 and the average base salary for a brand manager is Los
Angeles, California, is $97,417. assume salaries are approximately normally distributed, that the standard deviationfor brand managers in Houston is $19,900,
and that the standard deviation for brand managers in Los Angeles is $21,800.
a. What is the probabilitythat a brand manager is Houston has a base salary in excess of $100,000?
b. What is the probability that a brand manager in Los Angeles has a base salary in excess of $100,000?
c. What is the probability that a brand manager is Los Angeles has a base salary of less than $75,000?
d. How much would a brand manager in Los Angeles have to make in order to have a higher salary than 99% of the brand managers in Houston?
The solution examines the normally distributed base salary for Brand Managers.
