The Monthly Earnings of Computer Systems Analysts Are Normally Distributed

question 90

Short Answer

The monthly earnings of computer systems analysts are normally distributed with a mean of $4,300. If only 1.07 percent of the systems analysts have a monthly income of more than $6,140, what is the value of the standard deviation of the monthly earnings of the computer systems analysts?

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Definitions:

Individual Bank

An individual bank refers to a financial institution dealing with deposits and loans of consumers and businesses, distinguishing itself by offering personalized banking products and services.

Depression

An intense and extended period of economic recession marked by a substantial drop in Gross Domestic Product (GDP), elevated rates of joblessness, and a decrease in the general price level of goods and services.

Aggregate Demand

The aggregate requirement for all products and services within an economy, measured at a specific overall price level and during a certain time frame.

U.S. Government Securities

Financial instruments issued by the U.S. Department of the Treasury or other federal government agencies to finance federal spending, including Treasury bonds, notes, and bills.