The salary is distributed between the employees according to N(3000, 1000)N(3000, 1000) distribution. But, the income has reduced. So, the manager decided to change the distribution of the salary in such a way that this will be a different normal distribution with the mean of $2000. He supposed that he earned more than 80% of the staff. And now, he wants to keep his salary and this proportion.

What standard deviation should he use for the new distribution?

Answer rating: 100% (QA)

The new distribution should have a standard deviation of 500 Explanation We can use the ... View the full answer