The Average Hourly Wage of Employees of a Certain Company

question 18

Multiple Choice

The average hourly wage of employees of a certain company is $14.26. Assume the variable is normally distributed. If the standard deviation is $4.99, find the probability that a randomly selected employee earns less than $9.27.

• A) 0.140 = 14.0%
• B) 0.172 = 17.2%
• C) 0.263 = 26.3%
• D) 0.159 = 15.9%

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The process of confirming or validating that something meets a set of standards or is true.

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