+1-415-670-9189
info@expertsmind.com
Normal model appear appropriate
Course:- Accounting Basics
Reference No.:- EM131009166




Assignment Help
Assignment Help >> Accounting Basics

The weekly salary paid to employees of a small company that supplies part-time laborers averages +700 with a standard deviation of +400.

(a) If the weekly salaries are normally distributed, estimate the fraction of employees that make more than +300 per week.

(b) If every employee receives a year-end bonus that adds +100 to the paycheck in the final week, how does this change the normal model for that week?

(c) If every employee receives a 5% salary increase for the next year, how does the normal model change?

(d) If the lowest salary is +300 and the median salary is +500, does a normal model appear appropriate?




Put your comment
 
Minimize


Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Al-Sadd Food Company is a small traded company in Doha. The Company pays annual bonuses based on a percentage of net income. Waleed, the controller of Al-Sadd Food Company,
Compute the amount of depreciation for each of Years 1 through 3 using the double-declining balance method. (In performing your calculations, round constant percentage to the
There are several techniques available for managing risk. For each of the  following risks, identify an appropriate technique, or combination of techniques,  that would be
Gamma Ltd is not expecting to pay dividends for three years, at the end of year four, a dividend of $2.00 is planned and dividends are expected to be constant forever after
Lakewood Fashions must decide how many lots of assorted ski wear to order for its three stores. Information on pricing, sales, and inventory costs has led to the following p
Dougherty Company employs 20 individuals. Eight employees are paid $12 per hour and the rest are salaried employees paid $3,000 a month. How would total costs of personnel b
Prepare a new income statement for the year using variable costing. Comment on the differences between the absorption costing and the variable costing income statements.
Acct 414 Project - The Terry Project: Adjusting the Financial Statements. Who might be affected by the Terry's decision to give in to the Board's demands and sell their propr