The 9-Month Salaries at a Daycare Center Are Normally Distributed

question 109

Short Answer

The 9-month salaries at a daycare center are normally distributed with a mean of $19,000 and a standard deviation of $4,000.
a.What is the probability that an employee will have a salary between $12,520 and $13,480?
b.What is the probability that an employee will have a salary more than $11,880?
c.What is the probability that an employee will have a salary less than $28,440?

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Definitions:

Net Income

The total profit of a company after all expenses and taxes have been subtracted from total revenue.

Financing Activities

Transactions and events that relate to how a company finances its operations, including issuing debt, repaying loans, and issuing or buying back stock.

Net Cash Provided

The total amount of cash inflows minus cash outflows from a company's operating, financing, and investing activities.

Cash Dividends

are payments made by a company to its shareholders out of its profits or reserves, representing a portion of the company's earnings.