a well known university in north carolina wants to remove the highest paid administrations in their RF department since they have not been profitable in the past five years. There are 48 people in the department and 6 need to be removed. Assuming their annual wages are normally distributed with a mean of 59,400 and a standard deviation of 3,400 find the maximum annual wage an administrator in the RF department will have not to be removed. (Round answer to dollards and cents)

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter10: Statistics
Section10.4: Distributions Of Data
Problem 19PFA
icon
Related questions
Topic Video
Question

a well known university in north carolina wants to remove the highest paid administrations in their RF department since they have not been profitable in the past five years. There are 48 people in the department and 6 need to be removed. Assuming their annual wages are normally distributed with a mean of 59,400 and a standard deviation of 3,400 find the maximum annual wage an administrator in the RF department will have not to be removed. (Round answer to dollards and cents)

Expert Solution
steps

Step by step

Solved in 2 steps with 2 images

Blurred answer
Knowledge Booster
Hypothesis Tests and Confidence Intervals for Means
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, statistics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
Glencoe Algebra 1, Student Edition, 9780079039897…
Glencoe Algebra 1, Student Edition, 9780079039897…
Algebra
ISBN:
9780079039897
Author:
Carter
Publisher:
McGraw Hill