A company pays its employees an average wage of $3.25 an hour with a standard deviation of 60 cents. 4. If the wages are approximately normally distributed, determine the following: a proportion of the workers getting wages between $2.75 and $3.69 an hour; b. minimum wage of the highest 5%.

MATLAB: An Introduction with Applications
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4.
A company pays its employees an average wage of $3.25 an hour with a standard deviation of 60 cents.
If the wages are approximately normally distributed, determine the following:
a proportion of the workers getting wages between $2.75 and $3.69 an hour;
b.
minimum wage of the highest 5%.
↑
Transcribed Image Text:4. A company pays its employees an average wage of $3.25 an hour with a standard deviation of 60 cents. If the wages are approximately normally distributed, determine the following: a proportion of the workers getting wages between $2.75 and $3.69 an hour; b. minimum wage of the highest 5%. ↑
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