Shaver Manufacturing Inc. offers dental insurance to its employees. A recent study by the human resource director shows the annual cost per employee per year followed the normal probability distribution, with a mean of $1,280 and a standard deviation of $420 per year.
a. What fraction of the employees costs more than $1,500 per year for dental expenses?
b. What fraction of the employees costs between $1,500 and $2,000 per year?
c. Estimate the percent that did not have any dental expense.
d. What was the cost for the 10% of employees who incurred the highest dental expense?

  • CreatedDecember 10, 2014
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