According to the Bureau of Labor Statistics, it takes an average of 22 weeks for someone over
Question:
According to the Bureau of Labor Statistics, it takes an average of 22 weeks for someone over 55 to find a new job, compared with 16 weeks for younger workers (The Wall Street Journal, September 2 , 2008). Assume that the probability distributions are normal and that the standard deviation is 2 weeks for both distributions.
a. What is the probability that it takes a worker over the age of 55 more than 19 weeks to find a job?
b. What is the probability that it takes a younger worker more than 19 weeks to find a job?
c. What is the probability that it takes a worker over the age of 55 between 23 and 25 weeks to find a job?
d. What is the probability that it takes a younger worker between 23 and 25 weeks to find a job? LO5
Step by Step Answer:
Business Statistics Communicating With Numbers
ISBN: 9780071317610
1st Edition
Authors: Kelly Jaggia