The weekly salary paid to employees of a small company that supplies part-time laborers averages $800 with a standard deviation of $400. (a) If the weekly salaries are normally distributed, estimate the fraction of employees that make mor than $400 per week. (b) If every employee receives a year-end bonus that adds $200 to the paycheck in the final week, how does this change the normal model for that week? (c) If every employee receives a 5% salary increase for the next year, how does the normal model change?
The weekly salary paid to employees of a small company that supplies part-time laborers averages $800 with a standard deviation of $400. (a) If the weekly salaries are normally distributed, estimate the fraction of employees that make mor than $400 per week. (b) If every employee receives a year-end bonus that adds $200 to the paycheck in the final week, how does this change the normal model for that week? (c) If every employee receives a 5% salary increase for the next year, how does the normal model change?
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter1: Functions
Section1.2: The Least Square Line
Problem 1E
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