Question: The average hours worked per week by a company's CEO is 62.5 with a standard deviation of 7.5. Using this information determine the probabilities, as

The average hours worked per week by a company's CEO is 62.5 with a standard deviation of 7.5. Using this information determine the probabilities, as decimals, of each scenario.

Company's CEO works less than 49 hours

Z Value 49 hours:Answer

Probability less than 49 hours:Answer

Company's CEO works more than 79 hours

Z Value for 79 hours:Answer

Probability more than 79 hours:Answer

Company's CEO works between 58 and 70 hours:

Z Value for 58 hours:Answer

Z Value for 70 hours:Answer

Probability between 58 and 70 hours:Answer

What in the minimum hours required to be in the top 20% of CEOs:

Z Value for top 20%:Answer

X Value for top 20%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock 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 Mathematics Questions!