A company pays its employees an average wage of $15.90 an hour with a standard deviation of
Question:
A company pays its employees an average wage of $15.90 an hour with a standard deviation of $1.50. If the wages are approximately normally distributed and paid to the nearest cent,
(a) What percentage of the workers receive wages between S13.75 and S16.22 an hour inclusive?
(b) The highest 5% of the employee hourly wages is greater than what; amount?
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1590 and o 150 16225...View the full answer
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Ali Khawaja
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Related Book For 
Probability & Statistics For Engineers & Scientists
ISBN: 9780130415295
7th Edition
Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying
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