Answered: A company pays its employees an average…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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A company pays its employees an average wage of 675 pesos per day with a standard deviation of 78 pesos. Assume that wages are approximately normally distributed and paid to the nearest peso. Let X QUESTION: What percentage of the workers receive wages between 625 and 725 a day? NOTE: Answer in integer. 1. What percentage of the workers receive wages between 625 and 725 a day? NOTE: Answer in integer. 2. The highest 5% of the employee daily wages is greater than what amount? NOTE: Answer is an integer. What percentage of the workers receive wages between 625 and 725 a day? NOTE: Answer in integer. be a discrete random variable representing the wages.

Features Features Normal distribution is characterized by two parameters, mean (µ) and standard deviation (σ). When graphed, the mean represents the center of the bell curve and the graph is perfectly symmetric about the center. The mean, median, and mode are all equal for a normal distribution. The standard deviation measures the data's spread from the center. The higher the standard deviation, the more the data is spread out and the flatter the bell curve looks. Variance is another commonly used measure of the spread of the distribution and is equal to the square of the standard deviation.

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