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Problem 4: (25 points) The founder of a company is a brilliant inventor who recently won a noble prize, but he is obsessed with intelligence.

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Problem 4: (25 points) The founder of a company is a brilliant inventor who recently won a noble prize, but he is obsessed with intelligence. He starts a company and as part of hiring practices he institutes an IQ test. He knows the tests are designed to have an average of 100 and standard deviation upon retaking of the tests of 15. He wants to be 99 percent sure that no one with an average IQ or lower is employed in each batch of 10 employees he tests. A) What is the critical IQ value that he uses for this assuming you are using the Bonferroni method for achieving a level of .01 for every 10 tests. (Precisely stated, each person is under a statistical test, so no more than .01 probability that 1 of 10 people passing the test would have IQ

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