Estimate the probability that demand

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Reference no: EM13822886

The average pay per hour for an employee in the packaging and shipping department of XYZ Corporation is $12.88 with a standard deviation of $0.95. Assume normal distribution applies

Compute the pay per hour which the top 5% of the employees make that much or more.

$13.23
$14.44
$9.86
$15.17

What is the probability that an employee's pay is $12.88 per hour?

0
0.50
Greater than 0.5
Higher than 0, but less than 0.5

Demand for a product is normally distributed with mean demand equal to 200 units. There is a 0.95 probability that demand for this produce is between 180 to 220 units. Estimate the probability that demand for this product will exceed 195 units?

0.228
0.438
0.688
0.189

Reference no: EM13822886

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