Suppose a computer programmer in each of the five countries listed is offered a salary of $1500 per month. Using the z-scores and assuming that computer programmer prefers a salary that has a higher relative value, the computer programmer from what country will likely be the most pleased with the offer? **Average Monthly Salaries and Standard Deviations by Country**The table below provides information on the average monthly salaries in US dollars for various countries, along with the standard deviation for these salaries. Additionally, it includes the Z-score calculation for a salary of $1500, using the formula:\[ \text{Z-score} = \frac{X - \mu}{\sigma} \]where:- $X$ is $1500,- $\mu$ is the average monthly salary,- $\sigma$ is the standard deviation.| Country | Average Monthly Salary (USD) | Standard Deviation (USD) | Z-score ||-------------------|------------------------------|--------------------------|-------------|| Italy | $1557 | $467.20 | -0.122 || Hungary | $1468 | $220.20 | 0.15 || Czech Republic | $1059 | $158.80 | 2.78 || United States | $4141 | $1242.20 | -2.13 || Latvia | $790 | $118.60 | 5.99 |**Interpretation of the Z-scores:**- A Z-score less than 0 indicates the average salary is higher than $1500.- A Z-score greater than 0 indicates the average salary is lower than $1500.- The magnitude of the Z-score indicates how many standard deviations away $1500 is from the average salary. For example, Latvia has a Z-score of 5.99, suggesting that $1500 is significantly higher than the average salary in Latvia, by approximately 5.99 standard deviations. Conversely, the United States has a Z-score of -2.13, implying that the average monthly salary is much higher than $1500.

Name: Suppose a computer programmer in each of the five countries listed is
Uploaded: 2024-03-20T07:07:12.000Z
Channel: Bartleby
Description: Suppose a computer programmer in each of the five countries listed is offered a salary of $1500 per month. Using the z-scores and assuming that computer programmer prefers a salary that has a higher relative value, the computer programmer from what