Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

Statistics


Home >> Statistics and Probability

According to Advertising Age, the average base salary for women working as copywriters in advertising firms is higher than the average base salary for men. The average base salary for women is $67,000 and the average base salary for men is $65,500 (Working Woman, July/August 2000). Assume salaries are normally distributed and that the standard deviation is $7000 for both men and women.

a. What is the probability of a woman receiving a salary in excess of $75,000?

b. What is the probability of a man receiving a salary in excess of $75,000?

c. What is the probability of a woman receiving a salary below $50,000?

d. How much would a woman have to make to have a higher salary than 99% of her male counterparts?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M9958310
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

List the three assumptions of the independent groups t-test

List the three assumptions of the independent groups t-test. The consequences of violating which assumption are exacerbated if you have unequal N

Transaction costsnbspnbspin late december you decide for

Transaction costs  In late December you decide, for tax purposes, to sell a losing position that you hold in Twitter, which is listed on the NYSE, so that you can capture the loss and use it to offset some capital gains, ...

Assume that the mean score on a normally distributed

Assume that the mean score on a normally distributed statistics quiz taken by 400 psychology students was 76, and the standard deviation was 8. Ben had a z-score of -1.2. If someone gave a passing grade only to the top 2 ...

Given the following values 20 m 16 07 conduct a

Given the following values: = 20, M = 16, = 0.7, conduct a one-sample z test at a .05 level of significance. What is the decision for a two-tailed test? A) to reject the null hypothesis B) to retain the null hypothesis C ...

A professor teaches two statistics classes the morning

A professor teaches two statistics classes. The morning class has 25 students and their average on the first test was 82. The evening class has 15 students and their average on the same test was 74. What is the average o ...

The length of timber cuts are normally distributed with a

The length of timber cuts are normally distributed with a mean of 95 inches and a standard deviation of 0.52 inches. In a random sample of 45 boards, what is the probability that the mean of the sample will be between 94 ...

In a health club research shows that on average patrons

In a health club, research shows that on average, patrons spend an average of 42.5 minutes on the treadmill, with a standard deviation of 4.8 minutes. It is assumed that this is a normally distributed variable. Find the ...

A customer service phone line claims that the wait times

A customer service phone line claims that the wait times before a call is answered by a service representative is less than 3.3 minutes. In a random sample of 62 calls, the average wait time before a representative answe ...

Assume that the coin is weighted so that a tail is 6 times

Assume that the coin is weighted so that a tail is 6 times as likely as a head. The coin is flipped 9 times. 1) What is the probability that both heads and tails occur?

The distance between the y value in the data and the

The distance between the Y value in the data and the predicted Y value from the regression equation is known as the residual. What is the value for the sum of the squared residuals?

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As

Follow Us

© Copyright 2013-14 mywordsolution.com All rights reserved