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(a)In the context of measuring cost of workers' work related injuries, the following data are provided: Average cost per worker $32,000 with standard deviation $9,500.
(a)In the context of measuring cost of workers' work related injuries, the following data are provided:
Average cost per worker $32,000 with standard deviation $9,500. Assuming that the data are normally distributed,
Find the proportion of the costs that are between $4,500 and $21,000.
(ii) Suppose the standard deviation is unknown, but 88% of the costs are more than $7,500,
what should be the value of the standard deviation?
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