Normally distributed variable

Assignment Help Basic Statistics

Reference no: EM1311836

The average hourly wage of employees of a certain company is $9.83. Assume the variable is normally distributed. If the standard deviation is $4.58, find the probability that a randomly selected employee earns less than $5.43.

a) 0.313 = 31.3%

b) 0.168 = 16.8%

c) 0.436 = 43.6%

d) 0.345 = 34.5%

Reference no: EM1311836

Questions Cloud

Annual net cash flows will be negative : In national income accounting, an investment is regarded as. Conclude the probability that the annual net cash flows will be negative.

Ad and as curve and give explanation for full employment : Suppose that there is an "inflation scare," that is, suppose market participants increase their expectations of future inflation.

Business functions of the value chain : Cost classification into R&D, Design, Production, Marketing, Distribution, Customer service and Classify each cost item of Ripon Printers into one of the business functions of the value chain

Computation of relevant cash flows under decision making : Computation of Relevant Cash flows under Decision Making and the amount to use as the annual sales figure when evaluating this project is $

Normally distributed variable : The average hourly wage of employees of a certain company is $9.83. Assume the variable is normally distributed.

Calculate the torque the player applies to one end of it : The coefficient of static friction between the wall and the rod is μs = 0.575. Determine the minimum distance x from point A at which an additional weight w (the same as the weight of the rod) can be hung without causing the rod to slip at point A.

Economic development strategies : Can you share the economic development strategies also quote some examples of Elucidate how Singapore also US use them.

Effect of monetary policies on exchange rate : Explain what accounts for the Hong Kong Monetary Authority behaving differently than the other central banks in emerging Asia.

In what direction should the aircraft head : What minimum constant acceleration does the aircraft require if the aircraft is to be airborne after a takeoff run of 222m.

User Account

All Pages