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Crazy boy [7]
3 years ago
13

If the monthly income of the IBM employees follows a SYMMETRICAL NORMAL distribution, with a median of $5000 and a standard devi

ation of $200. What would be the mean monthly income? *
Business
1 answer:
AURORKA [14]3 years ago
4 0

Answer:  mean monthly income = $5000

====================================================

Explanation

In any normal distribution, the median and mean are the same value.

-------------

The proof is as follows:

If mean > median was the case, then the distribution would be skewed to the right (ie positively skewed). The right tail is pulled longer than the left tail. But this would contradict the symmetrical nature of the normal distribution. So mean > median must not be the case.

If mean < median, then the distribution would be skewed to the left (negatively skewed). Visually this pulls the left tail longer than the right tail. Like in the previous paragraph, this contradicts the symmetrical nature of the normal distribution. So mean < median must not be the case.

Since mean > median cannot be true, and neither can mean < median, this must indicate mean = median.

-------------

So in short, any symmetrical distribution always has mean = median and they are at the very center of the distribution.

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As the product manager for Whirlpools line of washing machines you are in charge of pricing new products. Your product team has
Alex17521 [72]

Answer:

The management should adopt skimming pricing strategy.

Explanation:

For the fact that this is a new technology and very difficult to be copied, the management should adopt skimming pricing strategy. This will allow them to charge high prices and make money in the market before their competitors starts making the same kind of washing machine. This product has benefits for the consumers as well as it consumes less water to clean the clothes so there is high probability of this machine is accepted even if the prices are exorbitantly higher and from this, its going to be demanded by many costomers.

7 0
3 years ago
Read 2 more answers
Consider these long-term investment data: • The price of a 10-year $100 par zero-coupon inflation-indexed bond is $84.49. • A re
AleksAgata [21]

Answer:

Annual rate 0.017

Explanation:

Computation of the annual rate on the real bond.

Using this formula

Annual rate = Par Zero coupon inflation index/(1+r) ^Numbers of years =Inflation-indexed bond

Let plug in the formula

Annual rate=100 / (1 + r) ^10 = 84.49

Annual rate= (100 / 84.49)^1 /10 − 1

Annual rate=(1.18357)^0.1-1

Annual rate=1.016-1

Annual rate=0.017

Therefore the annual rate of return will be 0.017

3 0
3 years ago
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Why do some firms, industries, and cultures have different CSR thresholds than others
Sergeeva-Olga [200]

Considering the industrial context, the reasons some firms, industries, and cultures have different CSR thresholds than others include <u>differences in stages of </u><u>acceptance</u><u> </u><u>among</u><u> </u><u>firms</u><u>.</u>

Some other reasons some firms, industries, and cultures have different CSR thresholds than others include the following:

  • Level of complexity
  • CSR acceptance level of competition
  • The difference in environments or countries
  • Differences in cultures, etc.

CSR is the Corporate Social Responsibility in which the private firms seek to contribute to the society in which they operate through charity, philanthropic, and volunteering programs, amongst others.

Hence, in this case, it is concluded that there are various reasons why some firms, industries, and cultures have different CSR thresholds than others.

Learn more about CSR thresholds here: brainly.com/question/15318875

4 0
3 years ago
The benefits or reviewing procedures for ordering products and services
Doss [256]

Answer:

They provide more detail and utility than a basic expense record. ...

They're the foundation of a reliable purchasing process. ...

They improve organisation for multiple projects and processes. ...

They provide clear and highly detailed levels of communication to all parties.

Explanation:

5 0
2 years ago
During the current year, merchandise is sold for $137,500 cash and $425,600 on account. the cost of the merchandise sold is $322
LenKa [72]

The gross sales margin equals 42.76%

The formula to calculate the Gross Sales Margin is (Revenue - Cost of Goods Sold) / Revenue

Revenue = $137,500 + $425,600 = $563,100

($563,100 - 322,325) / 563,100 =

240,775 / 563,100 = 42.76%

4 0
3 years ago
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