Probability that randomly selected employee have salary

Assignment Help Basic Statistics
Reference no: EM13149066

The salaries of the employees of a corporation are normally distributed with a mean of $25000 and a standard deviation of $5000. What is the probability that a randomly selected employee will have a starting salary of at least $31ooo?

Reference no: EM13149066

Questions Cloud

Then what would be the payment : There is a loan for 5,00 dollars with interest of 8 % annually. There is another way to repay the 5,000 dollar by making 4 annual payments of 1,000. Then what would the 5th payment be?
Find confidence intervals for the coefficients : Explain briefly how each of the variables affects the value of an MLB franchise (i.e., use the variable definitions above to interpret, in words, the coefficient estimates with regard to each variable).
How will the chromosomes of the two daughter cells look : Assume that mammalian cells are grown in culture in the presence of fluorescent nucleotides for several generations so that all of the DNA in all of the chromosomes is fluorescent.
Expansion of the basic accounting equation : Discuss the expansion of the basic accounting equation to include revenues and expenses
Probability that randomly selected employee have salary : A standard deviation of $5000. What is the probability that a randomly selected employee will have a starting salary of at least $31ooo?
What happens to the mrs : what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
Define chemical potential energy from rotating turbines : chemical potential energy from rotating turbines into thermal energy. B) electrostatic energy from rotating turbines into chemical energy
Find the prices corresponding to bertrand-nash equilibrium : Two firms with differentiated products compete in prices with demands: q1: 1-P1+0.5P2 q2: 1-P2+0.5P1 Suppose that both firms can produce at the same constant marginal cost c. a. Draw the best response functions. b.Find the prices corresponding to th..
Show analytically that equilibrium price under cournot : Show analytically that equilibrium price under Cournot is greater than price under perfect competition but lower than monopoly price.

Reviews

Write a Review

 

Basic Statistics Questions & Answers

  Control limits using x bar chart

Compute the probability of seven consecutive points falling above the centerline given a stable process. Is this probability associated with type I or type II error?

  Find probability that kid who goes to the doctor has a fever

A fever have sore throats. What's the probability that a kid who goes to the doctor has a fever and a sore throat?

  Construct the time series plot

Simulate a completely random process of length 48 with independent, t-distributed values each with 5 degrees of freedom. Construct the time series plot. Does it look "random" and nonnormal? Repeat this exercise several times with a new simulation ..

  Hypothesis testing for two-factor anova

State one referenced hypothesis including the three variables (FA as an IV, age as the covariate and RS as the DV)

  Describe hyper-geometric distribution

What is the probability that two of absent students were girls.What is the probability that two of absent students were boys.

  Us army machine gun ammunition

For machine gun ammunition to be acceptable, the US Army requires that 96 percent of rounds fired hit a specified target. The test is to fire a 50 round burst at the target and observe whether this condition is met.

  Holt-winters method forecasting problem

The number of cases of merlot wine sold by a Paso Robles winery in an 8-year period follows:

  Determining student query-statistics

A wholesaler has recently developed a computerized sales invoicing system. Prior to implementing this system, a manual system was used. The distribution of the number of errors per invoice for the manual system is as follows

  Null hypothesis and alternative hypothesis

You work at a hospital that has always had about 100 emloyees staffed at night. You think that the number of employees staffed at night has recently decreased and would like to test this claim.

  Determine how to minimize the bus company-s salary

A driver hired at the beginning of a year can be used to meet the current year's requirements and is paid full salary for the current year. Determine how to minimize the bus company's salary, hiring, and firing costs over the next 5 years.

  Probability that student will finish test in hundred minutes

Normally distributed with an average of 125 minutes and a standard deviation of 18 minutes. What is the probability that a student taking this test will finish in 100 minutes or less?

  One tail-two tail rejection regions

For each of the following statements, formulate appropriate null and alternative hypothese, indicate whether the appropriate test will be one-tail or two-tail, then sketch a diagram that shows the approximate location of the rejection region(s) fo..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd