Economic statistics reports that the average annual salary

Assignment Help Management Theories

Reference no: EM131095220

The U.S. Bureau of Economic Statistics reports that the average annual salary in the metropolitan Boston area is $50542. Suppose annual salaries in the metropolitan Boston area are normally distributed with a standard deviation of $4246. A Boston worker is randomly selected.

a)4. What is the least salary offered to 60% of worker's?

Reference no: EM131095220

Questions Cloud

What benefits exist other than a wider market : Internationalization means diversifying operations to other world countries and regions. This trend is common in the modern society, but then here am asking, why would a firm opt to internationalize? What benefits exist other than a wider market.

A management consulting firm specializing in transportation : Runzheimer International, a management consulting firm specializing in transportation reimbursement, released the results of a survey on July 28, 2005. It indicated that it costs more to own a car in Detroit, an amazing $11,844 a year for a mid-si..

Tax rebate for new home purchases : The purpose was to boost GDP through consumer spending. Can you find any evidence of its effectiveness? What about the tax rebate for new home purchases? Cash for Clunkers? How can government spending influence the economy?

Important discipline in economic analysis : Mathematics is a very important discipline in economic analysis. This is largely due to the fact that most variables in economics are related and can as well be expressed mathematically.

Economic statistics reports that the average annual salary : The U.S. Bureau of Economic Statistics reports that the average annual salary in the metropolitan Boston area is $50542. Suppose annual salaries in the metropolitan Boston area are normally distributed with a standard deviation of $4246. A Boston ..

Describe macintyres reasons why institutions are unsuitable : In two or three paragraphs, describe MacIntyre's reasons why both institutions are unsuitable in terms of size and levels of intimacy.

What is product differentiation : 1. What is product differentiation. 2. List all the advantages and the disadvantages of product differentiation.

Data on exchange rates of various currencies : The file P03_30.xlsx contains monthly data on exchange rates of various currencies versus the U.S. dollar. It is of interest to financial analysts and economists to see whether exchange rates move together through time.

Construct a graph showing mean years of schooling by age : EC328, Spring 2016 - Major Assignment 1: Educational Attainment in Canada. Construct a graph showing mean years of schooling by age, with separate lines for men and women - preserve, collapse (mean) yrschool, by(AGEGRP SEX)

User Account

All Pages