Let X Be a Normally Distributed Random Variable with a Mean

question 97

Short Answer

Let X be a normally distributed random variable with a mean of 12 and a standard deviation of 1.5.What proportions of the values of X are:
a.less than 14
b.more than 8
c.between 10 and 13

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Definitions:

Compensation Level Policy

A strategic approach adopted by organizations to decide the pay levels for their employees, typically aiming to balance competitiveness with budget constraints.

Market Rates

The average or expected pay for a specific job role in the employment market.

Hybrid Compensation-Level Strategy

A remuneration approach that combines elements of both fixed salaries and variable pay based on performance.

Industrial Sectors

Categories of the economy based on the type of activity performed, such as manufacturing, service, agriculture, and technology.