Question

Asked Oct 19, 2019

I have no idea how to solve this. This was not covered at all in my text.

Step 1

From the given information, the mean annual salary for employees at a company is $39,000, each employee receives a $1000 bonus at end of the year and there is 4% raise based on salary.

Let us define the random variable* X* as the annual salary of employees with mean salary µ*x*=39,000 and there is a ...

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