The U.S. Bureau of Economic Statistics reports that the average annual salary in the metropolitan Boston area
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The U.S. Bureau of Economic Statistics reports that the average annual salary in the metropolitan Boston area is $50,542. Suppose annual salaries in the metropolitan Boston area are normally distributed with a standard deviation of $4,246. A Boston worker is randomly selected.
a. What is the probability that the worker's annual salary is more than $60,000?
b. What is the probability that the worker's annual salary is less than $45,000?
c. What is the probability that the worker's annual salary is more than $40,000?
d. What is the probability that the worker's annual salary is between $44,000 and $52,000?
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Related Book For
Business Statistics for Contemporary Decision Making
ISBN: 978-0470910184
6th Edition
Authors: Ken Black
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