Regent Airways is one of the premium private airline companies in Bangladesh. In a recent survey it was found that the average hourly wages of Regent Airways maintenance crew members is Tk. 99, with a standard deviation of Tk. 20. Assume that the hourly wages of maintenance crew members follow a normal distribution. a. What is the probability that a randomly selected crew member earns more than Tk. 63 per hour? Answer in exact fraction, or rounded to at least 4 decimal places. b. What is the probability that a randomly selected crew member earns between Tk. 44 and Tk. 150 per hour? Answer in exact fraction, or rounded to at least 4 decimal places. c. Junior crew members are considered for promotion after their hourly wages cross a certain threshold. What should the threshold wage be if Regent Airways does not want to promote any more than 87.39% of junior crew members? Answer in exact fraction, or rounded to at least 2 decimal places. Taka

MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
icon
Related questions
Question

STAT505
Sir please solve properly. I am running out of time for my home work . Please do faster.

Zoom the picture to get clear picture.
Do all subparts and just ensure the correct answer. Thanks in advance.

Its urgent please solve asap and provide handwritten solve do not give software or excel solved solution.

Regent Airways is one of the premium private airline companies in Bangladesh. In a recent survey it was found that the average hourly wages of Regent
Airways maintenance crew members is Tk. 99, with a standard deviation of Tk. 20. Assume that the hourly wages of maintenance crew members follow a
normal distribution.
a. What is the probability that a randomly selected crew member earns more than Tk. 63 per hour?
Answer in exact fraction, or rounded to at least 4 decimal places.
b. What is the probability that a randomly selected crew member earns between Tk. 44 and Tk. 150 per hour?
Answer in exact fraction, or rounded to at least 4 decimal places.
c. Junior crew members are considered for promotion after their hourly wages cross a certain threshold. What should the threshold wage be if Regent
Airways does not want to promote any more than 87.39% of junior crew members?
Answer in exact fraction, or rounded to at least 2 decimal places.
Taka
Transcribed Image Text:Regent Airways is one of the premium private airline companies in Bangladesh. In a recent survey it was found that the average hourly wages of Regent Airways maintenance crew members is Tk. 99, with a standard deviation of Tk. 20. Assume that the hourly wages of maintenance crew members follow a normal distribution. a. What is the probability that a randomly selected crew member earns more than Tk. 63 per hour? Answer in exact fraction, or rounded to at least 4 decimal places. b. What is the probability that a randomly selected crew member earns between Tk. 44 and Tk. 150 per hour? Answer in exact fraction, or rounded to at least 4 decimal places. c. Junior crew members are considered for promotion after their hourly wages cross a certain threshold. What should the threshold wage be if Regent Airways does not want to promote any more than 87.39% of junior crew members? Answer in exact fraction, or rounded to at least 2 decimal places. Taka
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
Statistics
ISBN:
9781119256830
Author:
Amos Gilat
Publisher:
John Wiley & Sons Inc
Probability and Statistics for Engineering and th…
Probability and Statistics for Engineering and th…
Statistics
ISBN:
9781305251809
Author:
Jay L. Devore
Publisher:
Cengage Learning
Statistics for The Behavioral Sciences (MindTap C…
Statistics for The Behavioral Sciences (MindTap C…
Statistics
ISBN:
9781305504912
Author:
Frederick J Gravetter, Larry B. Wallnau
Publisher:
Cengage Learning
Elementary Statistics: Picturing the World (7th E…
Elementary Statistics: Picturing the World (7th E…
Statistics
ISBN:
9780134683416
Author:
Ron Larson, Betsy Farber
Publisher:
PEARSON
The Basic Practice of Statistics
The Basic Practice of Statistics
Statistics
ISBN:
9781319042578
Author:
David S. Moore, William I. Notz, Michael A. Fligner
Publisher:
W. H. Freeman
Introduction to the Practice of Statistics
Introduction to the Practice of Statistics
Statistics
ISBN:
9781319013387
Author:
David S. Moore, George P. McCabe, Bruce A. Craig
Publisher:
W. H. Freeman