Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Toolworkers are subject to work-related injuries. One disorder, caused by strains to the hands and wrists, is called carpal tunnel syndrome. It strikes as many

Toolworkers are subject to work-related injuries. One disorder, caused by strains to the hands and wrists, is called carpal tunnel syndrome. It strikes as many as 23,000 workers per year. The U.S. Labor Department estimates that the average cost of this disorder to employers and insurers is approximately $30,000 per injured worker. Suppose these costs are normally distributed, with a standard deviation of $9,000.

*(Round the values of z to 2 decimal places, e.g. 0.12. Round your answer to 3 decimal places, e.g. 0.122.)

**(Round the values of z to 2 decimal places, e.g. 0.12. Round your answers to 4 decimal places, e.g. 0.1234.)

(a)What proportion of the costs are between $15,000 and $45,000?

enter proportion rounded to 4 decimal places

**

(b)What proportion of the costs are greater than $50,000?

enter proportion rounded to 4 decimal places

**

(c)What proportion of the costs are between $5,000 and $20,000?

enter proportion rounded to 4 decimal places

**

(d)Suppose the standard deviation is unknown, but the mean is still $30,000 and 90.82% of the costs are more than $7,000. What would be the value of the standard deviation?

enter the standard deviation rounded to 3 decimal places

*

(e)Suppose the mean value is unknown, but the standard deviation is still $9,000. How much would the average cost be if 79.95% of the costs were less than $33,000? $

enter a dollar amount

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_2

Step: 3

blur-text-image_3

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

Advanced Engineering Mathematics

Authors: Erwin Kreyszig

7th Edition

471553808, 978-0471553809

More Books

Students also viewed these Mathematics questions