Case 6-3: US Production Wages 2005
According to the bureau of labor statistics, the average weekly pay
for a US production worker was $500 in 2005. Assume that available
data indicate that wages are normally distributed with a standard
deviation of $150.
Refer to Case 6-3: US Production Wages 2005
How much, at the minimum, does a production worker have to earn to
be in the top 20% of wage earners?
1. |
$626.00 |
|
2. |
$517.44 |
|
3. |
$584.16 |
|
4. |
$373.76 |
|
5. |
$514.84 |
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