Solution-What is the probability that it takes a worker over

What is the probability that it takes a worker over

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According to the Bureau of Labor Statistics, it takes an average of 22 weeks for someone over 55 to find a new job, compared with 16 weeks for younger workers (The Wall Street Journal, September 2, 2008). Assume that the probability distributions are normal and that the standard deviation is 2 weeks for both distributions.

(a) What is the probability that it takes a worker over the age of 55 more findajob. 19 weeks to find a than

(b) What is the probability that it takes a younger worker more than 19 weeks to find a job?

(d) What is the probability that it takes a younger worker between 23 and 25 weeks to find a job?

(e) Let's say that the Journal defined the top 5% fastest of younger workers who found jobs as "Rising Stars". If you are a younger worker, how fast do you need to find a job to be considered as a "Rising Star"?

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What is the probability that it takes a worker over : (a) What is the probability that it takes a worker over the age of 55 more findajob. 19 weeks to find a than

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What is the probability that it takes a worker over

Reference no: EM131860376

Reference no: EM131860376

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