A dean must distribute salary raises to her faculty for the next year. She has decided that
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A dean must distribute salary raises to her faculty for the next year. She has decided that the mean raise is to be $2000, the standard deviation of raises is to be $400, and the distribution is to be normal.
a. The most productive 10% of the faculty will have a raise equal to or greater than $ .
b. The 5% of the faculty who have done nothing useful in years will receive no more than $ each.
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