Question
Suppose Andrew earns $45,000 EC per month. The average salary for everyone in Andrews company is $41, 000 EC per month with a standard deviation
Suppose Andrew earns $45,000 EC per month. The average salary for everyone in Andrew’s company is $41, 000 EC per month with a standard deviation of $7, 000 EC. Suppose David earns $38, 000 EC in his company, for which the average salary is $35,000 EC with a standard deviation of $1,700 EC. Suppose the monthly salary in Andrew’s and David’s company follows a normal distribution, explain who is doing better in comparison to their coworkers and why? Make sure to show work using the appropriate statistics to support your answer.
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Essentials Of Statistics For The Behavioral Sciences
Authors: Frederick J Gravetter, Larry B. Wallnau
8th Edition
1133956572, 978-1133956570
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