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The average salary of merchandisers is $42,000 per year with a standard deviation of $8000. a. What is the probability that a merchandiser earns more...
The average salary of merchandisers is $42,000 per year with a standard deviation of $8000.
a. What is the probability that a merchandiser earns more than $57,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
b. What is the probability that a merchandiser earns less than $29,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
c. What is the probability that a merchandiser earns between $38,000 and $46,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
d. What is the probability that a merchandiser will earn between $32,000 and $52,000 per year? (Round z-score computation to 2 decimal places and the final answer to 4 decimal places.)
e. What is the average salary below which 19% of the merchandisers earn? (Round the final answer to the nearest whole number.)
f. What is the average salary above which the top 9% of the merchandisers earn? (Round the final answer to the nearest whole number.)