Two Random Variables Are Normally Distributed with the Same Mean

question 98

Essay

Two random variables are normally distributed with the same mean. One has a standard deviation of 10 while the other has a standard deviation of 15. How will the graphs of the two variables differ and how will they be alike?

---

Definitions:

Incentive Plan

A business strategy designed to motivate and reward employees for exceeding specific work goals through financial or non-financial rewards.

Merit Pay

A performance-related pay strategy that offers salary increases based on an individual's job performance, as a way to reward and incentivize high performance.

Performance Bonuses

Additional compensation given to employees based on their achievement of specific performance targets.

Profit Sharing

A company's practice of sharing a portion of its profits with employees, usually in addition to their regular compensation.