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:
Answer rating: 66% (3 reviews)
To solve this problem you need to understand how the normal distribution or bell curve works A norma...View the full answer
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Statistics For Business And Financial Economics
ISBN: 9781461458975
3rd Edition
Authors: Cheng Few Lee , John C Lee , Alice C Lee
Question Posted:
Students also viewed these Business questions
-
A firm is trying to decide whether to enter a highly uncertain market now or to wait to decide two years from now, when the size of the market will be less uncertain. If it enters now it must invest...
-
The Ethan Allen tour boat capsized and sank in Lake George, New York, and 20 of the 47 passengers drowned. Based on a 1960 assumption of a mean weight of 140 lb for passengers, the boat was rated to...
-
The data below are the net weights (in grams) for a sample of 30 bags of M&s. The advertised net weight is 47.9 grams per bag. The FDA requires that (nearly) every bag contain the advertised weight;...
-
What is a random variable? What is a discrete random variable? What is a continuous random variable? Give some examples of discrete random variables.
-
Identify four reasons that a systems development project might be initiated.
-
5. The operating condition when some available production resources are not being utilized. Following are a number of key terms and concepts introduced in the chapter, along with a list of...
-
When I need more money for my regular living expenses, I take out a loan or use my line of credit on my credit card or checking account. (A) Never (B) Sometimes (C) Often
-
T. L. Jones Trucking Services establishes a petty cash fund on April 3 for$500. By the end of April, the fund has a cash balance of $32 and has receipts for the following items: Utilities...
-
Required information The following information applies to the questions displayed below.] On December 31, Reggit Company held the following short-term investments in its portfolio of...
-
Suppose 15 % of the parts produced by a machine are defective. Use a normal approximation to the binomial distribution. What is the probability that a sample of 50 parts contains: (a) Five or more...
-
The following MINITAB output exhibits the cumulative distribution function curves of three lognormal distributions. Their mean and variance, respectively, are (1, .5), (1, 1), and (1, 2). Compare the...
-
Use an internet job search engine (e.g. www.seek.com.au) and search for jobs in the field of project management. What did this search reveal about (a) the demand for project managers? (b) the...
-
Antismoking advocates cheered in the summer of 1997 when the U.S. tobacco industry agreed to pay out more than U.S. \($368.5\) billion to settle lawsuits brought by forty states seeking compensation...
-
Generate the full set of clauses for the map-coloring graph in Figure 8.1. Resolve these clauses to prove that a three-coloring solution does exist for the graph. data from figure 8.1 A B C D
-
To test \(H_{0}: \mu=80\) versus \(H_{1}: \mu <80\), a simple random sample of size \(n=22\) is obtained from a population that is known to be normally distributed. (a) If \(\bar{x}=76.9\) and...
-
Check that there are at least \(2\left(\begin{array}{c}n \\ 3\end{array} ight)\) different hierarchical models which contain all twoway interaction terms for an \(n\)-way contingency table.
-
A cam with \(30 \mathrm{~mm}\) as minimum diameter is rotating clockwise at a uniform speed of \(1200 \mathrm{rpm}\) and operates a roller follower of \(10 \mathrm{~mm}\) diameter as given below: (i)...
-
Consider the PI-control system shown in Figure P11.27 where I = 5 and c = 0. It is desired to obtain a closed-loop system having ( = 1 and ( = 0.1. Let mmax = 20 and rmax = 2. Obtain Kp and KI.
-
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...
-
The partially completed ANOVA for a 3 * 4 factorial experiment with two replications is shown below. a. Complete the ANOVA table. b. Which sums of squares are combined to find the Sum of Squares for...
-
The partially completed ANOVA for a 3 * 4 factorial experiment with two replications is shown below. a. Complete the ANOVA table. b. Which sums of squares are combined to find the Sum of Squares for...
-
Organic coatings that use epoxy resins are widely used for protecting steel and metal against weathering and corrosion. Researchers at National Technical University (Athens, Greece) examined the...
-
Break-Even Sales and Sales to Realize Income from Operations For the current year ending October 31, Yentling Company expects fixed costs of $537,600, a unit variable cost of $50, and a unit selling...
-
You buy a stock for $35 per share. One year later you receive a dividend of $3.50 per share and sell the stock for $30 per share. What is your total rate of return on this investment? What is your...
-
Filippucci Company used a budgeted indirect-cost rate for its manufacturing operations, the amount allocated ($200,000) is different from the actual amount incurred ($225,000). Ending balances in the...
Study smarter with the SolutionInn App