Question
The average salary of merchandisers is $54 000 per year with a standard deviation of $6000. a. What is the probability that a merchandiser earns
The average salary of merchandisers is $54 000 per year with a standard deviation of $6000.
a. What is the probability that a merchandiser earns more than $66 000 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 $42 000 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 $50 000 and $58 000 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 $45 000 and $63 000 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 25% of the merchandisers earn? (Round the final answer to the nearest whole number.)
Salary $
f. What is the average salary above which the top 12% 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
Calculus Single And Multivariable
Authors: Deborah Hughes Hallett, Andrew M Gleason, William G McCallum, Daniel E Flath, Patti Frazer Lock, Sheldon P Gordon, David O Lomen, David Lovelock, Brad
6th Edition
1118475712, 9781118475713
