[See Solution] Wages have a mean of $22.91, and a standard deviation o $2.83 per hour. Assume that wages are normally distributed. What must your hourly
Question: Wages have a mean of $22.91, and a standard deviation o $2.83 per hour. Assume that wages are normally distributed. What must your hourly wage be if you want to earn:
- More than 25% of all employees?
- The 99th percentile of all employees
- If picked at random, what is the probability that the employee will earn between $17.25 and $28.57?
- If picked at random, what is the probability that the employee will earn between $20.08 and $31.40?
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