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ACCORDING TO A SALARY SURVEY STUDY, THE AVERAGE BASE SALARY FOR A BRAND MANAGER IN MINNEAPOLIS

ACCORDING TO A SALARY SURVEY STUDY, THE AVERAGE BASE SALARY FOR A BRAND MANAGER IN MINNEAPOLIS

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Author: Christine Farr
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According to a Salary Survey Study, the average base salary for a brand manager inMinneapolis, MN, is $89,692 and the average base salary for a brand manager in Los Angeles,California, is $99,617. Assume that salaries are normally distributed, the standard deviation for brandmanagers in Minneapolis is $19,800, and the standard deviation for brand managers in Los Angeles is$21,900.a) What is the probability that a brand manager in Minneapolis has a base salary in excess of $110,000?
b) What is the probability that a brand manager in Los Angeles has a base salary in excess of$105,000?
c) What is the probability that a brand manager in Minneapolis has a base salary of less than $80,000?
d) How much would a brand manager in Los Angeles have to make in order to have a higher salarythan 96% of the brand managers in Minneapolis?


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