Question

suppose the average number of work hours per year, for your employees, has been 2,000 hours...

suppose the average number of work hours per year, for your employees, has been 2,000 hours with a standard deviation of 209 hours. please graph and calculate the probability that any random employee that you observe, will work between 1,900 hours and 2,400 hours next year. Hint: the two z's and be ready to add

Homework Answers

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
A sociologist studied gender differences in the average number of hours worked per day among employees...
A sociologist studied gender differences in the average number of hours worked per day among employees at a law firm (there are 42 men and 19 women employed at this firm). She obtained the following results: men work, on average, 52 hour per week and women work, on average, 56 hour per week. The standard deviation for men is 12 hours and the standard deviation for women is 9 hours. Test the null hypothesis of no difference in the average...
The CEO of 3M believes that on the average employees work less than 50 hours per...
The CEO of 3M believes that on the average employees work less than 50 hours per week. A small simple random sample of employees provided the following weekly working hours. Weekly Hours Xi 47            50 51 48    49 46 50 51 a.   Compute the point estimates of population average (sample average) and standard deviation (sample standard deviation) of weekly working hours of all employees at 3M. You need to show all of your computations in the table below. b. Using...
a) Suppose that John can work up to 2,000 hours per year at a wage of...
a) Suppose that John can work up to 2,000 hours per year at a wage of $10.00 per hour, that he has no other source of income, and there is not yet TANF program in place. Draw his budget constraint (name it Figure 1.1). Explain how you constructed the graph. What is the slope of the budget constraint? Explain the slope. (b) Now, let’s introduce a TANF program. Consider an income guarantee program with an income guarantee of $5,000 and...
Suppose the number of hours worked per week by medical residents is normally distributed with an...
Suppose the number of hours worked per week by medical residents is normally distributed with an average of 81.7 hours and standard deviation 6.9 hours per week. a) What is the probability that a randomly selected resident works less than 75 hours per week? b) What is the probability that the mean number of hours worked per week by a random sample of 5 medical residents is less than 75 hours ? c) What is the probability that the mean...
Let X be the random variable giving the number of sick days taken by the “typical”...
Let X be the random variable giving the number of sick days taken by the “typical” worker per year. Suppose that it is known that E(X) = μ = 10, and that the standard deviation of X is σ = 2. (both μ and σ are measured in days. A firm has n = 64 employees. Consider these to be a random sample from the population of all “typical” employees. a) What is the approximate distribution of the average number...
Suppose you work at a large tire distribution center. The tires’ average tread life has been...
Suppose you work at a large tire distribution center. The tires’ average tread life has been 50,000 miles with a standard deviation of 5,000 miles. At the end of the year, the company can reevaluate their supply contract. There are four supply options for the next contract: the current supplier or one of three competitors. The current supplier produces tires with an average tread life of 50,000 miles with a standard deviation of 5,000 miles. Competitor A claims to produce...
Suppose you work at a large tire distribution center. The tires’ average tread life has been...
Suppose you work at a large tire distribution center. The tires’ average tread life has been 50,000 miles with a standard deviation of 5,000 miles. At the end of the year, the company can reevaluate their supply contract. There are four supply options for the next contract: the current supplier or one of three competitors. The current supplier produces tires with an average tread life of 50,000 miles with a standard deviation of 5,000 miles. Competitor A claims to produce...
Suppose that you have a job with a wage of $25 per hour. The job is...
Suppose that you have a job with a wage of $25 per hour. The job is extremely flexible: you can choose to work any number of hours from 0 to 2,000 per year. The income tax system is as follows. •Income up to $10000: no tax. •Income from $10000 to $30000: 20% tax rate. •Income from $30000 up: 30% tax rate. (a) Draw a graph in leisure hours/consumption space, showing your opportunity set with and without the tax system. Label...
Recently many companies have been experimenting with telecommuting, allowing employees to work at home on their...
Recently many companies have been experimenting with telecommuting, allowing employees to work at home on their computers. Among other things, telecommuting is supposed to reduce the number of sick days taken.Suppose that at one firm, it is known that over the past years employees have taken a mean of 4.5 sick days.This year, the firm introduces telecommuting.management chooses a simple random sample of 90 employees to follow in detail and at the end of the year ,these employees average 4.3...
In preparing for next year, on December 1 Tony Freedman hired two hourly employees to assist...
In preparing for next year, on December 1 Tony Freedman hired two hourly employees to assist with some troubleshooting and repair work. a. Prepare a payroll register for the three pay periods. b. Record the following transactions in the general journal and post them to the general ledger. Assume the following transactions: Dec. 7 Paid employee wages: Lance Kumm, 38 hours, and Anthony Hall, 42 hours. Dec. 14 Paid employee wages: Lance Kumm, 25 hours, and Anthony Hall, 36 hours....
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT