Question: According to the same Glassdoor source mentioned in Problem 6.40, the mean monthly pay for interns at Facebook is $6,589. Suppose that the intern monthly

According to the same Glassdoor source mentioned in Problem 6.40, the mean monthly pay for interns at Facebook is $6,589. Suppose that the intern monthly pay is normally distributed, with a standard deviation of $500. What is the probability that the monthly pay of an intern at Facebook is 

a. Less than $5,900?

b. Between $5,700 and $6,100?

c. Above $6,500?

d. Ninety-nine percent of the intern monthly pays are higher than what value?

e. Ninety-five percent of the intern monthly pays are between what two values, symmetrically distributed around the mean?

f. Compare the results for the Intel interns computed in Problem 6.40 to those of the Facebook interns.

Step by Step Solution

3.52 Rating (166 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

a Excel Output PX 5900 PZ 1378 00841 b Excel Output P5700 X 6100 ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Basic Business Statistics Questions!