Question
The average salary of merchandisers is $44,000 per year with a standard deviation of $8000. a. What is the probability that a merchandiser earns more
The average salary of merchandisers is $44,000 per year with a standard deviation of $8000.
a. What is the probability that a merchandiser earns more than $63,000 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 $24,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
Probability
c. What is the probability that a merchandiser earns between $37,000 and $51,000 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 $30,000 and $58,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
Probability
e. What is the average salary below which 15% of the merchandisers earn? (Round the final answer to the nearest whole number.)
Salary $
f. What is the average salary above which the top 7% 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
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