Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 13, 2024

Suppose that salaries in a certain area are normally distributed with a mean of $55,000 and a standard deviation of $7,000. If an individual from

Suppose that salaries in a certain area are normally distributed with a mean of $55,000 and a

standard deviation of $7,000.

If an individual from this area is selected, what is the probability that his or her salary will be between $45,000 and $70,000?Round to 3 decimal places

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

A Short Course In Automorphic Functions

Authors: Joseph Lehner

1st Edition

0486799921, 9780486799926

More Books

Students also viewed these Mathematics questions

Question

★★★★★

Anton is single and a self-employed plumber. His net income from his business is $56,000. He has dividend income of $6,000 and an $8,000 loss from a rental property in which he actively participates....

Answered: 1 week ago

Question

★★★★★

Suppose government spending increases temporarily in the New Keynesian model. (a) What are the effects on real output, consumption, investment, the price level, employment, and the real wage? (b) Are...

Answered: 1 week ago

Question

★★★★★

5. Which of the following is most likely an example of a natural concept? a. Furniture b. Sofa c. Wing-back chair d. Housewares

Answered: 1 week ago

Question

★★★★★

Merck & Co. declared dividends (dollars in Millions) of $3,250.4 (2008), $3,310.7 (2007), and $3,318.7 (2006). Cash payments for dividends reported on the statement of cash flows for the three year...

Answered: 1 week ago

Question

★★★★★

Suppose that salaries in a certain area are normally distributed with a mean of $55,000 and a standard deviation of $7,000. If an individual from this area is selected, what is the probability that...

Answered: 1 week ago

Question

★★★★★

Suppose the corporate tax rate is 21%. Consider a firm that earns $1,000 before interest and taxes each year with no risk. The firm's capital expenditures equal its depreciation expenses each year,...

Answered: 1 week ago

Question

★★★★★

Arloski points out that clients may face external and internal pressures to return to work or resume their lifestyles. External pressures include, EXCEPT: Group of answer choices Restore income...

Answered: 1 week ago

Question

★★★★★

Your company goes under, and there are insufficient funds to pay the bills, the debt holders, and the employees. But there is some money available.... The shareholders may divide this money equally,...

Answered: 1 week ago

Question

★★★★★

A business that is established as a _________________________________ or _______________________________ is the simplest and most affordable form of business to establish; however, "highly"...

Answered: 1 week ago

Question

★★★★★

43. The unadjusted balance of the Gokongwei Merchants' inventory account as of December 31, 20X1, is P7,274,900. A physical inventory count was conducted simultaneously in all stores on December 29...

Answered: 1 week ago

Question

★★★★★

The following insight has been generated by Alteryx Auto Insights: OVERVIEW The total Revenue for Nov 2022 is $2.46b, an increase of $978.02m (65.83%) from the previous month. 2500m 2000m 1500m 500m...

Answered: 1 week ago

Question

★★★★★

3-13 Use the value chain and competitive forces models to evaluate the impact of the Internet on book publishers and book retail stores such as Barnes & Noble. Borders Group (including many former...

Answered: 1 week ago

Question

★★★★★

3-14 How did Barnes and Noble change its business model to deal with the Internet and e-book technology? Borders Group (including many former Waldenbooks rebranded as Borders Express) liquidated its...

Answered: 1 week ago

Question

★★★★★

3-10 In this exercise, you will use database software to analyze the reservation transactions for a hotel and use that information to fine-tune the hotels business strategy and marketing activities....

Answered: 1 week ago

Previous Question Next Question