What is the probability of woman receiving a salary

Assignment Help Basic Statistics

Reference no: EM1316223

Find out the probability using Normal distribution.

According to Advertising Age, average base salary for women working as copywriters in advertising firms is higher than average base salary for men. The average base salary for women is $67,000 and the average base salary for men is $65,500 (Working Women, July/August 2000). Suppose salaries are normally distributed and that the standard deviation is $7000 for both men and women.

a.What is the probability of woman receiving a salary in excess of $75,000.

b.What is the probability of man receiving a salary in excess of $75,000.

c.What is the probability of woman receiving a salary below $50,000.

d.How much would a woman have to make to have a higher salary than 99 percent of her male counterparts?

Reference no: EM1316223

Questions Cloud

Finding quantity demanded from demand equation : A firm has estimated the following demand function for its product: Calculate the advertising elasticity of demand and explain its meaning.

The probability she did not receive any email : An internal study by the Technology Services department at Lahey Electronics revealed company employees receive an average of two emails per hour. Suppose the arrival of these emails is approximated by the Poisson distribution.

Decision made on the mini-max regret criterion : Illustrate what decision should be made depended on the mini-max regret criterion. Decision based on the Mini-max criterion.

The slope of the tangent line : The slope of the tangent line.

What is the probability of woman receiving a salary : According to Advertising Age, average base salary for women working as copywriters in advertising firms is higher than average base salary for men. The average base salary for women is $67,000 and the average base salary for men is $65,500 (Workin..

What is the probability that the person : Conditional and compound probabilities.The table below gives the distribution of blood types by gender in a group of 1000 individuals.

The indicated derivative : the indicated derivative

Find the probability that the adult : Show some work for each part. A diagram can be helpful. A survey of adults found the following: 65 percent of the adults drink coffee. 35 percent drink tea. 80 percent drink coffee or tea (or both). If we choose a surveyed adult at random, find t..

The equation of tangent line : The equation of tangent line.

User Account

All Pages