Question

The average hourly wage of workers at a fast food restaurant is $7.50/hr with a standard...

The average hourly wage of workers at a fast food restaurant is $7.50/hr with a standard deviation of $0.75. Assume that the distribution is normally distributed. If a worker at this fast food restaurant is selected at random, what is the probability that the worker earns between $7.50 and $8.25?

Homework Answers

Answer #1

The average hourly wage of workers at a fast food restaurant is $7.50/hr with a standard deviation of $0.75. Assume that the distribution is normally distributed. If a worker at this fast food restaurant is selected at random, what is the probability that the worker earns between $7.50 and $8.25?

z = (x-µ)/σ

Z value for 7.50, z=(7.50-7.50)/0.75 =0.0

Z value for 8.25, z=(8.25-7.50)/0.75 =1

P( 7.50<x<8.25) = P( 0<z<1)= P( z <1) – P( z < 0)

=0.8413 – 0.5

=0.3413

Excel function used:

P( z <1): =NORM.S.DIST(1,TRUE)

P( z <0): =NORM.S.DIST(0,TRUE)

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
The average hourly wage of workers at a fast food restaurant is $6.50/hr. Assume the wages...
The average hourly wage of workers at a fast food restaurant is $6.50/hr. Assume the wages are normally distributed with a standard deviation of $0.45. If a worker at this fast food restaurant is selected at random, What is the probability that the worker earns more than $6.75? What is the probability that the worker earns between $6.50 and $6.75?
The average hourly wage of workers at a fast food restaurant is $8.50/hr. Assume the wages...
The average hourly wage of workers at a fast food restaurant is $8.50/hr. Assume the wages are normally distributed with a standard deviation of $0.40. If a worker at this fast food restaurant is selected at random, what is the probability that the worker earns more than $9.25? Write your answer as a percentage and round to two decimal places.
The hourly wage for workers in a fast food restaurant is Normally distributed with a mean...
The hourly wage for workers in a fast food restaurant is Normally distributed with a mean of $5.85 and a standard deviation of $0.35. If a worker is selected at random, find the probability that: a. (S)he earns less than $5.50 an hour b. (S)he earns between $5.90 and $6.40 an hour c. (S)he earns at least $6.00 an hour
For certain​ workers, the mean wage is $6.50​/hr, with a standard deviation of ​$0.25 If a...
For certain​ workers, the mean wage is $6.50​/hr, with a standard deviation of ​$0.25 If a worker is chosen at​ random, what is the probability that the​ worker's wage is between ​$6.25 and ​$6.75? Assume a normal distribution of wages. The probability is _____.
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in the manufacturing sector. The hourly wage was $30.67 for Switzerland, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the standard deviation of hourly labor rates is $3.00. a. Suppose 42 manufacturing workers are selected randomly from across Switzerland and asked what their hourly wage is. What is the probability that the sample average will be between $30.00 and...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in the manufacturing sector. The hourly wage was $30.67 for Switzerland, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the standard deviation of hourly labor rates is $3.00. a. Suppose 38 manufacturing workers are selected randomly from across Switzerland and asked what their hourly wage is. What is the probability that the sample average will be between $30.00 and...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in the manufacturing sector. The hourly wage was $30.67 for Switzerland, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the standard deviation of hourly labor rates is $4.00. a. Suppose 37 manufacturing workers are selected randomly from across Switzerland and asked what their hourly wage is. What is the probability that the sample average will be between $30.00 and...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in the manufacturing sector. The hourly wage was $30.67 for Switzerland, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the standard deviation of hourly labor rates is $4.00. Appendix A Statistical Tables a. Suppose 42 manufacturing workers are selected randomly from across Switzerland and asked what their hourly wage is. What is the probability that the sample average will...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in the manufacturing sector. The hourly wage was $30.67 for Switzerland, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the standard deviation of hourly labor rates is $4.00. Appendix A Statistical Tables a. Suppose 37 manufacturing workers are selected randomly from across Switzerland and asked what their hourly wage is. What is the probability that the sample average will...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in...
The U.S. Bureau of Labor Statistics released hourly wage figures for various countries for workers in the manufacturing sector. The hourly wage was $30.67 for Switzerland, $20.20 for Japan, and $23.82 for the U.S. Assume that in all three countries, the standard deviation of hourly labor rates is $3.00. Appendix A Statistical Tables a. Suppose 39 manufacturing workers are selected randomly from across Switzerland and asked what their hourly wage is. What is the probability that the sample average will...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT