According to a Human Resources report, a worker in the industrial countries spends on average 419 minutes
Question:
a. If the distribution of time spent on the job is approximately bell shaped, between what two times would 68% of the figures be? 95%? 99.7%?
b. If the shape of the distribution of times is unknown, approximately what percentage of the times would be between 359 and 479 minutes?
c. Suppose a worker spent 400 minutes on the job. What would that worker’s z score be, and what would it tell the researcher?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...
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