Suppose that the annual employer participation in the Canada/Quebec Pension Plan (CPP/QPP) per employee is normally distributed with a standard deviation of $625, but the mean is unknown. If 73.89% of such employer contribution are greater than $2,00O, what is the mean annual employer contribution per employee? Suppose the mean annual CPP/QPP employer contribution per employee is $2,261 and the standard deviation is $625. If such employer contributions are normally distributed, 31.56% of the contributions are greater than what value?

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
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Suppose that the annual employer participation in the Canada/Quebec Pension Plan (CPP/QPP) per employee is normally distributed
with a standard deviation of $625, but the mean is unknown. If 73.89% of such employer contribution are greater than $2,000, what is
the mean annual employer contribution per employee? Suppose the mean annual CPP/QPP employer contribution per employee is
$2,261 and the standard deviation is $625. If such employer contributions are normally distributed, 31.56% of the contributions are
greater than what value?
Appendix A Statistical Tables
(Round values of z to 2 decimal places, e.g. 0.75 and final answer to 0 decimal places, e.g. 125.)
X =
Transcribed Image Text:Suppose that the annual employer participation in the Canada/Quebec Pension Plan (CPP/QPP) per employee is normally distributed with a standard deviation of $625, but the mean is unknown. If 73.89% of such employer contribution are greater than $2,000, what is the mean annual employer contribution per employee? Suppose the mean annual CPP/QPP employer contribution per employee is $2,261 and the standard deviation is $625. If such employer contributions are normally distributed, 31.56% of the contributions are greater than what value? Appendix A Statistical Tables (Round values of z to 2 decimal places, e.g. 0.75 and final answer to 0 decimal places, e.g. 125.) X =
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