Suppose that the annual employer participation in the Canada/ Quebec Pension Plan (CPP/QPP) per employee is normally

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Suppose that the annual employer participation in the Canada/ Quebec Pension Plan (CPP/QPP) per employee is normally distributed with a standard deviation of $625, but the mean is unknown. If 73.89% of such employer contributions are greater than $1,700, what is the mean annual employer contribution per employee? Suppose the mean annual CPP/QPP employer contribution per employee is $2,258 and the standard deviation is $625. If such employer contributions are normally distributed, 31.56% of the contributions are greater than what value?

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Business Statistics For Contemporary Decision Making

ISBN: 9781119577621

3rd Canadian Edition

Authors: Ken Black, Ignacio Castillo

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