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According to Data Released by a City's Chamber of Commerce

question 14

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According to data released by a city's Chamber of Commerce, the weekly wages (in dollars) of female factory workers are normally distributed with a mean of 470 and a standard deviation of 40. Find the probability that a female factory worker selected at random from the city has a weekly wage of $450 to $550. Round your answer to four decimal places. ​

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Definitions:

Interest Expense

The cost incurred by an entity for borrowed funds, often reported on the income statement as a non-operating expense.

Unamortized Premium

The portion of the bond premium that has not yet been amortized (expensed) over the life of the bond.

Bonds Payable

Long-term liabilities representing the amount owed by an entity to bondholders.

Face Value

The nominal or dollar value printed on a bond or stock, representing the amount due at maturity for a bond or the value assigned to a stock share at issue.

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