Average wages of a fast food restaurant worker

Assignment Help Basic Statistics

Reference no: EM13828025

Problem-

The average hourly wage of workers at a fast food restaurant is $6.50/hr with a standard deviation of $0.45. Assume that the distribution is normally distributed. If a worker at this fast food restaurant is selected at random, what is the probability that the worker earns more than $6.75?

Additional information-

This problem related to Basic Statistics and it is about a study on the average wages of a fast food restaurant worker. The problem is about picking up a random worker whose salary is above the average wage.

Reference no: EM13828025

Questions Cloud

Financial planning law or future of financial advice law : How does our understanding of the theory base of Financial Planning Law assist in the effective drafting of laws to protect investors from this kind of behavior?

Integrating scoreboards in an organization : Integrating Scoreboards In An Organization

Investment advisor misleads clients : This question is from Finance and it explains a scenario where an investment advisor misleads his clients in investing in a company's shares whose prices have been falling.

Running a multinational corporation integrated project : Write Research Proposal: Running Your Own Multinational Corporation Integrated Project

Average wages of a fast food restaurant worker : This problem related to Basic Statistics and it is about a study on the average wages of a fast food restaurant worker. The problem is about picking up a random worker whose salary is above the average wage

Setting up benchmarks for measuring performance : Setting Up Benchmarks For Measuring Performance

Irrelevance and arguments for relevance : Some theorists posit hedging exchange rate movements is irrelevant while others claim it is necessary to maximize shareholder wealth. Discuss arguments in support of irrelevance and arguments for relevance. If you were the Assistant Treasurer for ..

Measuring the performance of profit center manager : Measuring The Performance Of Profit Center Manager

Working capital for an international project : How do you propose financing the working capital for an international project, and how are you going to manage your working capital?

User Account

All Pages