The average base salary for a store manager (Wal-Mart) in Riverside, California, is $68,000, and the average base salary for...
The average base salary for a store manager (Wal-Mart) in Riverside, California, is $68,000, and the average base salary for a store manager (Wal-Mart) in Los Angeles, California, is $78,000. Assume that salaries are normally distributed, the standard deviation for store managers in Riverside is $20,000, and the standard deviation for store managers in Los Angles is $22,000. (75 points)
What is the probability that a store manager in Riverside has a base salary in excess of $100,000?
What is the probability that a store manager in Los Angeles has a base salary in excess of $100,000?
What is the probability that a store manager in Los Angeles has a base salary of less than $67,000?
How much would a store manager in Los Angeles have to make in order to have a higher salary than 98.21% of the store managers in Riverside?
Based the results from (A)-(D), if you are a job applicant for store manager position (Wal-Mart) in California, how would you negotiate annual salary using at least 200 words.
10 years ago
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