Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

What is the probability of randomly selecting an income greater than X = $75,000 per year in a set of full-time employees? The mean income

image text in transcribed
What is the probability of randomly selecting an income greater than X = $75,000 per year in a set of full-time employees? The mean income is M = $50,000 per year and has a standard deviation of SD = $10,000. Calculate the z-score and provide the probability value. Show your work. Use the following formula to obtain the z-score: z = (X - M)/SD a. z = 1.75; p = .0401 b. z = 1.75; p = .9599 C. z= 2.50; p = .0062 d. z= 2.50; p = 9938

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

Trigonometry

Authors: Cynthia Y Young

5th Edition

1119820928, 9781119820925

More Books

Students also viewed these Mathematics questions