View Full Version : Mathematics, statistics
cynajae
Aug 24, 2007, 07:41 AM
1. Assume the average annual salary for a worker in the United States is $27500 and that the annual salaries for Americans are normally distributed with a standard deviation equal to $6250. Find a. the percentage of americans working below $18000
b. the percentage of americans working below $40000
2. Find the value of z such that 40% of the distribution lies between it and the mean.
:confused:
nicespringgirl
Aug 24, 2007, 07:55 AM
Do you have minitab or SAS?
Excel will work
How far have you gone through this problem?
Capuchin
Aug 24, 2007, 08:10 AM
Or just plain ol' math? :P
nicespringgirl
Aug 24, 2007, 08:17 AM
or just plain ol' math? :P
That's what we asians call it... :p ;)
galactus
Aug 24, 2007, 10:19 AM
for part a:
Use the formula and then look up the probability which corresponds to the z-score you just found. I will show you this one and you do the other. Okey-doke?
z=\frac{x-{\mu}}{\sigma}
\frac{18000-27500}{6250}=-1.52
Look up -1.52 in the z-table and we find 0.064...
A little over 6% have have a salary below $18000.
If you have a fancy-schmancy calculator or Excel you can find the z-score without the table.
If you want to show off, here's the formula the values are derived from:
\frac{1}{\sqrt{2\pi}}\int_{-\infty}^{z}e^{\frac{-t^{2}}{2}}dt