Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Director of Analytics Salaries in the United States is estimated from a large group of employees, users, and past and present job advertisements on

The Director of Analytics Salaries in the United States is estimated from a large group of employees, users, and past and present job advertisements on a large job search platform in the past 36 months. Based on the survey, Let us assume the parameters are as follows:

Average salary = = $146,589 per year Standard deviation = = $20,000

Amazonwants to study a sample of 30 Directors of Analytics; they need your short analytical summary for planning.(Assume the bonus and benefits are industry standard. Assume the Salary paid corresponds to the skill percentile position of the candidate.)

1.What is the probability the sample mean will exceed $146,589, what is your inference?

2.What is the probability the sample mean will exceed $155,000, what is your inference?

3.What is the probability the sample mean will exceed $175,000, what is your inference?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Applied Calculus

Authors: Stefan Waner, Steven Costenoble

6th Edition

ISBN: 1285415310, 9781285415314

More Books

Students also viewed these Mathematics questions

Question

6. Describe why communication is vital to everyone

Answered: 1 week ago