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I'm not sure if I'm correct, please assist me with this question. The information as follows, Mean= $6058 Standard deviation= $500 Normally distributed Question: what
I'm not sure if I'm correct, please assist me with this question.
The information as follows,
Mean= $6058
Standard deviation= $500
Normally distributed
Question: what is the probability the monthly pay is less than $5900?
My solution:
Z=x-mean/Standard deviation= 5900-6058/500= -0.316 _ check the table
Thus, z is -0.48
P(X<5900)= P(Z<-0.48)= P(Z>0.48)= 1-0.6844= 0.3156
Therefore, the probability is 0.3156 or 31.56%
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