Question
Assume that salaries are normally distributed with the 90 th percentile (90% salaries below this amount) at $77,000 and the 80 th percentile at $70,000.
Assume that salaries are normally distributed with the 90th percentile (90% salaries below this amount) at $77,000 and the 80th percentile at $70,000. Which of the following claims from HR is correct:
a. Average salary is between $55,000 and $56,000
b. Average salary is between $56,000 and $57,000
c. Average salary is between $57,000 and $58,000
d. Average salary is between $58,000 and $59,000
e. Average salary is between $59,000 and $60,000
f. Average salary is between $60,000 and $61,000
g. Nothing can be said about average salary
** I know the answer in B but need additional help understanding. I kept coming up with an answer not listed above.
THANKS IN ADVANCE.
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