Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Mc 5 The average salary of merchandisers is $42.000 per year with a standard deviation of $8000. a. What is the probability that a

image text in transcribed

Mc 5 The average salary of merchandisers is $42.000 per year with a standard deviation of $8000. a. What is the probability that a merchandiser ears more than $57 000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability b. What is the probability that a merchandiser earns less than $29 000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability e. What is the probability that a merchandiser earns between $38 000 and $46 000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.) Probability d. What is the probability that a merchandiser will earn between $32 000 and $52 000 per year? (Round score computation to 2 decimal places and the final answer to 4 decimal places.) Probability e. What is the average salary below which 19% of the merchandisers earn? (Round the final answer to the nearest whole number.) Salary $ f. What is the average salary above which the top 9% of the merchandisers earn? (Round the final answer to the nearest whole number.) Salary $

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

Step: 3

blur-text-image

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

Intermediate Accounting

Authors: Beechy Thomas, Conrod Joan, Farrell Elizabeth, McLeod Dick I

Volume 1, 6th Edition

1259103250, 978-1259103254, 978-0071339476

More Books

Students also viewed these Accounting questions

Question

How can brand salience be built for a corporate brand?

Answered: 1 week ago