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Name: a well known university in north carolina wants to remove the highest
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Description: a well known university in north carolina wants to remove the highest paid administrations in their RF department since they have not been profitable in the past five years. There are 48 people in the department and 6 need to be removed. Assuming the

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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a well known university in north carolina wants to remove the highest paid administrations in their RF department since they have not been profitable in the past five years. There are 48 people in the department and 6 need to be removed. Assuming their annual wages are normally distributed with a mean of 59,400 and a standard deviation of 3,400 find the maximum annual wage an administrator in the RF department will have not to be removed. (Round answer to dollards and cents)

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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