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trasher [3.6K]
2 years ago
6

The manager of a publishing company plans to give a $23,000 bonus to the top 12 percent, $10,000 to the next 25 percent, and $6,

000 to the next 8 percent of sales representatives. If the publishing company has a total of 220 sales representatives, what is the expected bonus that the company will pay?
Business
1 answer:
I am Lyosha [343]2 years ago
8 0

Answer:

total expected bonus = $1262800

Explanation:

given data

bonus = $23,000

Probability = 12 percent

bonus =  $10,000

Probability = 25 percent

bonus =  $6,000

Probability = 8 percent

total sales = 220

solution

first we get probability for bonus amount = $0

probability = 1 - ( 12% + 25% + 8 % )

probability =  0.55

so here Expected bonus per employee company will pay is

Expected bonus = $23000 × (0.12) + $10000 × (0.25) + $6000 × (0.08) + $0 (0.55)

Expected bonus = $5740

so total expected bonus is

total expected bonus = $5740  ×  220

total expected bonus = $1262800

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Answer:

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2 years ago
If the money supply is growing at a rate of 3 percent per​ year, real GDP​ (real output) is growing at a rate of 3 percent per​
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Answer:

0%

Explanation:

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According to the quantity growth theory of money,

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where,

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2 years ago
Bond P is a premium bond with a coupon rate of 9.2 percent. Bond D is a discount bond with a coupon rate of 5.2 percent. Both bo
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5 0
3 years ago
Patagonia managers look for employees who actively participate in the sport they design products for (i.e. a surfboard shaper ha
pochemuha

Answer:

job requirements or qualifications

Explanation:

Job requirements or qualifications refers to the set of skills, abilities, work experience, educational background, hobbies, etc., that the company considers are necessary for a candidate to possess in order for him/her to successfully perform the tasks related to the job opening.

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3 years ago
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Answer:

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Computation:

Amount \ received = PMT[\frac{(1+r)^n-1}{r} ]\\\\Amount \ received = 400[\frac{(1+0.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{(1.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{2.44713794-1}{0.002667} ]\\\\Amount \ received =400[\frac{1.44713794}{0.002667} ]\\\\Amount \ received =400[542.608901]\\\\Amount \ received =217,043.56\\\\

Amount received = 217,043.56 (Approx)

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3 years ago
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