According to an article on Yahoo.com on February 19, 2012, the average salary of actuaries in the

Question:

According to an article on Yahoo.com on February 19, 2012, the average salary of actuaries in the U.S. is $98,620 a year (education.yahoo.net/articles/careers_for_shy_people_2.htm?kid=1KWO3). Suppose that currently the of annual salaries of all actuaries in the U.S. is approximately normal with a mean of $98,620 and a standard deviation of $18,000. How much would an actuary have to be paid in order to be in the highest-paid 10% of all actuaries?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...