Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Builtrite Furniture has calculated the average weekly payroll to be $15,000 with a standard deviation of $3,000. What is the probability of a weekly payroll

Builtrite Furniture has calculated the average weekly payroll to be $15,000 with a standard deviation of $3,000. What is the probability of a weekly payroll being between $11,250 and $12,600?(Assume a normal distribution.)

15.1%

13.9%

12.8%

10.6%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Contemporary Financial Management

Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan

7th Edition

0538877766, 9780538877763

More Books

Students also viewed these Finance questions

Question

Find the derivative of y= cos cos (x + 2x)

Answered: 1 week ago