The mean hourly consultation rate for solicitors in a law firm is $3,262, and the standard deviation is $232. Assume that hourly consultation rates are normally distributed.
(a) What is the probability a randomly selected solicitor from that law firm who charges less than $2,800 per hour of consultation?
(b) How high must the hourly rate be to put a solicitor in the top 10% of that law firm with respect to consultation charge?
Get Answers For Free
Most questions answered within 1 hours.