Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The salaries of the employees of a corporation are normally distributed with a mean of $25,000 and a standard deviation of $5,000. a. What is

The salaries of the employees of a corporation are normally distributed with a mean of $25,000 and a standard deviation of $5,000. a. What is the probability that a randomly selected employee will have a starting salary of at least $31,000? b. What percentage of employees has salaries of less than $12,200? c. What are the minimum and the maximum salaries of the middle 95% of the employees? d. If sixty-eight of the employees have incomes of at least $35,600, how many individuals are employed in the corporation?

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

Accounting Information Systems

Authors: Jr Ulric J Gelinas, Ulric J Gelinas, Richard B Dull

8th Edition

0324663803, 9780324663808

More Books

Students also viewed these Mathematics questions

Question

what is considered investment income

Answered: 1 week ago