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schepotkina [342]
3 years ago
6

Suppose that Jason recently landed job offers at two companies. Company A reports an average salary of $51,500 with a standard d

eviation of $2,150. Company B reports an average salary of $46,820 with a standard deviation of $5,890. Assume that salaries at each company are normally distributed.
Jason's goal is to secure a position that pays $55,000 per year. What are the ‑scores for Jason's desired salary at Company A? Please round your answers to two decimal places.
Mathematics
1 answer:
Law Incorporation [45]3 years ago
4 0

The z-score for his salary at Company A is of Z = 1.63.

---------------------------

  • For a data-set with mean \mu and standard deviation \sigma, the z-score of a measure X is given by:

Z = \frac{X - \mu}{\sigma}

  • At Company A, the mean is of $51,500, thus \mu = 51500
  • The standard deviation is of $2,150, thus \sigma = 2150
  • He wants a salary of $55,000, thus X = 55000.
  • The z-score is of:

Z = \frac{X - \mu}{\sigma}

Z = \frac{55000 - 51500}{2150}

Z = 1.63

A similar problem is given at brainly.com/question/23530266

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<h3><u>Solution:</u></h3>

Given that, You invested money in two funds.  

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