(Answered) A worker earns 15 per hour at a plant and is told that only

Economics

A worker earns $15 per hour at a plant and is told that only 2.5% of all workers make a higher wage. If the wage is assumed to be normally distributed and the standard deviation of wage rates is $5 per hour, the average wage for the plant is $7.50 per hour.

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Business Economics, Economics

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