The salaries of the employees of a corporation are normally distributed with a mean of $25,000 and a standard deviation of $5,000
a. What is the probability that a randomly selected employee will have a starting salary of at least $31,000?
b. What percentage of employees has salaries of less than $12,200?
c. What are the minimum and the maximum salaries of the middle 95% of the employees?
d. If sixty-eight of the employees have incomes of at least $35,600, how many individuals are employed in the corporation?
a. 0.1151
b. 0.52%
c. minimum = $15,200 maximum = $34,800
d. 4,000
You might also like to view...
Product cost information is useful in setting selling prices and in determining the profitability of each product
a. True b. False Indicate whether the statement is true or false
Budgeting provides the framework for:
a. Process costing. b. Breaking semivariable costs into their fixed and variable components. c. Planning and control. d. Delegating authority to managers.
Spiritual organizations tend to be intolerant of employees who commit mistakes.
Answer the following statement true (T) or false (F)
Exclusive dealing occurs when a supplier stipulates that a channel member must purchase additional products besides the one it wants.
Answer the following statement true (T) or false (F)