Question
The annual salaries of employees in a large company are approximately normally distributed with a mean of $100,000 and a standard deviation of $10,000. According
The annual salaries of employees in a large company are approximately normally distributed with a mean of $100,000 and a standard deviation of $10,000.
According to the above, what will the following be?
1. What is the probability that an employee earns a salary greater than $125,000?
2. What is the probability that an employee earns a salary less than $80,000?
3. The company provides free public transport to the employees that earn the lowest 10% of salaries. What salary does a person have to earn less than, to qualify for the free public transport?
4. A sample of 16 employees is now taken. What is the probability that the average annual salary of the 16 employees selected is less than $96,000?
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