The mean hourly pay rate for financial analyst in the insurance company is $32.62, and the standard deviation is $2.32. Assume that pay rates are normally distributed. For a randomly selected financial analyst, what is the probability the analyst earned less than $28 per hour? a) 0.0533 b) None of the answers are correct c) 0.0333 d) 0.0233 e) 0.0333
The mean hourly pay rate for financial analyst in the insurance company is $32.62, and the standard deviation is $2.32. Assume that pay rates are normally distributed. For a randomly selected financial analyst, what is the probability the analyst earned less than $28 per hour? a) 0.0533 b) None of the answers are correct c) 0.0333 d) 0.0233 e) 0.0333
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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Question
![The mean hourly pay rate for financial analyst in the insurance company is $32.62,
and the standard deviation is $2.32. Assume that pay rates are normally distributed.
For a randomly selected financial analyst, what is the probability the analyst earned
less than $28 per hour?
a) 0.0533
b) None of the answers are correct
c) 0.0333
d) 0.0233
e) 0.0333](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F676abea2-f033-430f-80eb-490b7262bcc0%2F42bf14ba-8861-45d5-9eb7-e14e22557a63%2F104gdio_processed.png&w=3840&q=75)
Transcribed Image Text:The mean hourly pay rate for financial analyst in the insurance company is $32.62,
and the standard deviation is $2.32. Assume that pay rates are normally distributed.
For a randomly selected financial analyst, what is the probability the analyst earned
less than $28 per hour?
a) 0.0533
b) None of the answers are correct
c) 0.0333
d) 0.0233
e) 0.0333
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