The time it takes an employee to package the components of a certain product is normally distributed with ? = 7.5 and ? = 1.5 minutes. As an incentive, management has decided to give a bonus to the 25% of employees who took the shortest amount of time to package the components. Find the amount of time taken to package the components that will indicate that an employee should get a bonus. (Round your answer to two decimal places.) An employee must package components in a time minutes.
Contingency Table
A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.
Binomial Distribution
Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.
The time it takes an employee to package the components of a certain product is normally distributed with ? = 7.5 and ? = 1.5 minutes. As an incentive, management has decided to give a bonus to the 25% of employees who took the shortest amount of time to package the components. Find the amount of time taken to package the components that will indicate that an employee should get a bonus. (Round your answer to two decimal places.)
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