Description
The average pay per hour for an employee in the packaging and shipping department of XYZ Corporation is $12.88 with a standard deviation of $0.95. Assume normal distribution applies
Compute the pay per hour which the top 5% of the employees make that much or more.
1. $13.23
2. $14.44
3. $9.86
4. $15.17
What is the probability that an employee’s pay is $12.88 per hour?
1. 0
2. 0.50
3. Greater than 0.5
4. Higher than 0, but less than 0.5
Demand for a product is normally distributed with mean demand equal to 200 units. There is a 0.95 probability that demand for this produce is between 180 to 220 units. Estimate the probability that demand for this product will exceed 195 units?
1. 0.228
2. 0.438
3. 0.688
4. 0.189
