The monthly earnings of financial analysts are normally distributed with a mean of $5,700. If only 6.68

Question:

The monthly earnings of financial analysts are normally distributed with a mean of $5,700. If only 6.68 % of the financial analysts have a monthly income of more than $6,140, what is the value of the standard deviation of the monthly earnings of the financial analysts?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Statistics For Business And Financial Economics

ISBN: 9781461458975

3rd Edition

Authors: Cheng Few Lee , John C Lee , Alice C Lee

Question Posted: