Question
2. Tool-workers are subject to work-related injuries. One disorder, caused by strains to the hands and wrists, is called carpal tunnel syndrome. It strikes as
2. Tool-workers are subject to work-related injuries. One disorder, caused by strains to the hands and wrists, is called carpal tunnel syndrome. It strikes as many as 23,000 workers per year. The US Labor Department estimates that the average cost of this disorder to employers and insurers is approximately $30,000 per injured worker. Suppose these costs are normally distributed, with a standard deviation of $9,000.
a. What proportion of the costs is between $15,000 and $45,000?
b. What proportion of the costs is at least $50,000?
c. What proportion of the costs is no more than $34,500?
d. Suppose the standard deviation is unknown and the mean is still $30,000. If 90.82% of the costs are more than $7,000. What would be the value of the standard deviation?
e. Suppose the mean value is unknown, but the standard deviation is still $9,000. How much would the average cost be if 79.95% of the costs were less than $33,000?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started