Suppose Andrew earns $45,000 EC per month. The average salary for everyone in Andrews company is $41,
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Suppose Andrew earns $45,000 EC per month. The average salary for everyone in Andrew’s company is $41, 000 EC per month with a standard deviation of $7, 000 EC. Suppose David earns $38, 000 EC in his company, for which the average salary is $35,000 EC with a standard deviation of $1,700 EC. Suppose the monthly salary in Andrew’s and David’s company follows a normal distribution, explain who is doing better in comparison to their coworkers and why? Make sure to show work using the appropriate statistics to support your answer.
Related Book For
Essentials of Statistics for the Behavioral Sciences
ISBN: 978-1285056340
8th Edition
Authors: Frederick J Gravetter, Larry B. Wallnau
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