Suppose that the average annual salary for the worker in, Ask an Expert

Statistics

1. Find out the value of z such that 45% of the distribution lies between it and mean.

2. Suppose that the average annual salary for the worker in the United States is $31,000 and that annual salaries for Americans are normally distributed with the standard deviation equal to $7,500. Find out the following:

a) What percentage of the Americans earn below $20,000?

b) What percentage of the Americans earn above $45,000?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M921167

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

You are in charge of numbering the homes in a new

You are in charge of numbering the homes in a new subdivision. If we were to ue 0 through 9 as our number to use and we want to have 3 digit house numbers, how many unique homes numbers would we potentially be able to pr ...

A company recently had 26 million shares outstanding

A company recently had 26 million shares outstanding trading at $45/share. The company announces its intention to raise $290M by selling new shares. What percentage of the value of the company's existing equity prior to ...

Yixuan is building a tower out of lego pieces for the

Yixuan is building a tower out of Lego pieces. For the bottom layer of the tower, he has 12 large Lego blocks to choose from. Each of these large blocks is a different color and he has decided to use 5 of them for the bo ...

Some commercial aircraft fly with two engines assuming that

Some commercial aircraft fly with two engines. Assuming that the aircraft can land safely on a minimum of one engine, what is the probability of a catastrophe (non-safe landing due to engine failure) for the life of the ...

Discuss two types of costs amp two types of

Discuss two types of costs & two types of benefits(excluding tax shield and EPS) that would potentially arise from the leveraged recapitalization( a firm proposed a leveraged recapitalization which could create immediate ...

Problem descriptionthe blockchain is a decentralized ledger

Problem Description: The blockchain is a decentralized ledger of all transactions across a peer-to-peer network. Using this technology, participants can confirm transactions without a need for a central clearing authorit ...

A study indicates that the weights of adults are normally

A study indicates that the weights of adults are normally distributed with a mean of 140 lbs and a standard deviation of 25 lbs. Find a value of weight x such that only 20% of adults weigh less than that. A. 136 B.190 ...

Penney wishes to borrow 75000 today for the purchase of

Penney wishes to borrow $75,000 today for the purchase of bakery equipment. She have an agreement with their commercial banker that she can borrow money at an annual rate of 7.75%. How much will she owe if she repay the ...

Assume that when adults with smartphones are randomly

Assume that when adults with smartphones are randomly? selected, 42?% use them in meetings or classes. If 7 adult smartphone users are randomly? selected, find the probability that at least 5 of them use their smartphone ...

The risk rate of return is currently 005 whereas the market

The risk rate of return is currently 0.05, whereas the market risk premium is 0.05. if the beta of RKP, inc ,stock is 1.9 , then what is the expected return on RKP?

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

Recent Questions

Ask Statistics and Probability Expert