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.
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.
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.
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.
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.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, probability and related others by exploring similar questions and additional content below.
