Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The monthly income of 3000 workers is normally distributed with a mean of $5000 and a standard deviation of $310. Using the attached standard normal

image text in transcribed
image text in transcribed
The monthly income of 3000 workers is normally distributed with a mean of $5000 and a standard deviation of $310. Using the attached standard normal distribution table answer the following questions 1. The percentage of workers with a monthly income above 5472115 (Give your exact percentage and do not include the Win your answer.) 2. The number of workers with a monthly income between 55124 and 55496 is (Round to the nearest whole number TABLE 6.2 Percentile from 2-score Z-score Percentile score Percentile 4-27 0.35 0.0 50.00 216 0.47 01 53.98 2.5 0.62 02 57493 -2.4 0.82 03 61.79 -2.3 1.07 0.1 65.54 -2.2 1.39 0.5 69.15 -2.1 1.79 0.6 72.597 2.0 2,28 0.7 75.80 -1.9 2.87 0.8 78.81 1.8 3.59 0.9 81.59 -1.7 4.46 1.0 84.13 -1.6 5.48 1.1 86.43 -1.5 6.68 1.2 88.49 -1.4 8.08 1.3 90.32 -1.3 9.68 91.92 -1.2 11.51 1.5 93.32 -1.1 13.57 1.6 94.52 1.0 15.87 1.7 95.54 -0.9 18.41 1.8 96.41 -0.8 21.19 1.9 97.13 -0.7 24.20 2.0 97473 -0.6 27.43 2.1 98.21 -0.5 30.85 2.2 98.61 -0.4 34.46 2.3 98.93 -0.3 38.21 2.4 99.18 -0.2 42.07 2.5 99.38 -0.1 46.02 2.6 99.53 0.0 50.00 2.7 99.65

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

Financial Accounting

Authors: Anne Britton, Chris Waterston

4th Edition

0273703609, 978-0273703600

More Books

Students also viewed these Accounting questions

Question

What is involved in the administration of a labor agreement?

Answered: 1 week ago

Question

What are topics included in virtually all labor agreements?

Answered: 1 week ago