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The U.S. Bureau of Labor Statistics reports that the average annual expenditure on food and drink for all families is $5500 (Money December 2003). Assume that annual expenditure on food and drink is normally distributed and that the standard deviation is $1000. (50 points)What is the range of expenditures of the 18.41% of families with the lowest annual spending on food and drink
Assume total number of families is 500000. How many families spend more than $6000 annually on food and drink
The average base salary for a store manager (Wal-Mart) in Riverside California is $80000 and the average base salary for a store manager (Wal-Mart) in Los Angeles California is $89000. Assume that salaries are normally distributed the standard deviation for store managers in Riverside is $20000 and the standard deviation for store managers in Los Angles is $22000. (75 points)What is the probability that a store manager in Riverside has a base salary in excess of $100000
What is the probability that a store manager in Los Angeles has a base salary in excess of $100000
What is the probability that a store manager in Los Angeles has a base salary of less than $67000
Based the results from (A)-(C) 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. “

  

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