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WageWeb is a service of HRPDI and provides compensation information on more than 170 benchmark positions in human resources. The October 2003 posting indicated that labor relation managers earn a mean annual salary of $87,700. Assume that annual salaries are normally distributed and have a standard deviation of $9400. (Give your answers correct to four decimal places.)

(a) What is the probability that a randomly selected labor relation manager earned more than $105,200 in 2003?

(b) A sample of 29 labor relation managers is taken, and annual salaries are reported. What is the probability that the sample mean annual salary falls between $86,000 and $88,500?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91006907

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